Thread: Thailand : Bangchak eyeing to raise retail oil price

Bangchak eyeing to raise retail oil price
Rungkarn Rujiwarangkul


BANGKOK, 7 June 2010 (NNT) – Bangchak Petroleum Plc is eyeing to adjust the retail oil price up if the quoted price in the Singapore market declines by less than a dollar per barrel.

Bangchak Petroleum President, Dr Anusorn Sangnimnuan, stated that the company has no plan to adjust the domestic retail oil price at the moment. Bangchak is keeping an eye on the price announcement of the Singapore market this evening after the crude oil price has made a significant fall last Friday.

Mr Anusorn said the company would have to raise the selling price up if the price quoted by the Singapore market goes down by less than one USD per barrel as the marketing margin is now under one THB per liter.

thainews.prd.go.th


Mr Anusorn said the company would have to raise the selling price up if the price quoted by the Singapore market goes down by less than one USD per barrel as the marketing margin is now under one THB per liter.

Bueller


meanwhile .................


Traders asked to peg goods price until Sep
Rungkarn Rujiwarangkul

BANGKOK, 7 June 2010 (NNT) – Traders have agreed to retain goods prices for another 3 months in accordance with the Commerce Ministry’s policy.

Director General of the Department of Internal Trade (DIT), Ms Vatchari Vimooktayon, said the Commerce Ministry has decided to further extend the price-fixing policy until September this year as the public spending had been slowed by the recent domestic political problem.

A majority of goods sellers have accepted to peg their price for another 3 months despite the higher cost of raw materials. They have however expanded their markets to other ASEAN countries, which helps boost the sales and reduce the production cost per unit.

The price-control strategy was originally due to end at the end of June.

thainews.prd.go.th

All of the Thai companies are making too much on petrol now. The average price in the US which has always been equal to the price here is now under 3 bucks a gallon. Here we have just fallen under 4 bucks a gallon. First time I have seen the oil companies here rip off the consumer.

Originally Posted by aging one

All of the Thai companies are making too much on petrol now. The average price in the US which has always been equal to the price here is now under 3 bucks a gallon. Here we have just fallen under 4 bucks a gallon. First time I have seen the oil companies here rip off the consumer.

Well sure, AO. Would you really be expecting anything less? Surely, we submit ourselves as whores to the corporados....it could be much worse. The comparatives to the US {as it applies to SE Asia} is quite moot - lifestyles and politics vary, regarding the fabricated prices of petrol.

Now much was PTT's profit last quarter? . That seems just a bit high.