Shell hikes prices, ptt waits
Petrol and diesel prices at Shell stations will hit a record high today, after oil retailers decided to jack up prices by 50 satang a litre on continued hikes in global oil prices.
Published on April 12, 2008
Shell's premium petrol will cost Bt35.59 per litre, while diesel will be Bt32.44.
Shell Thailand's general manager for retail sales and operations, Simon Hirst, yesterday said the continued increases in global crude oil prices pressured marketing margins: 75 satang per litre for premium petrol and minus Bt1.27 per litre for diesel.
To cover costs, diesel should have been raised by Bt3 per litre, but Shell opted for the 50-satang increase to lessen the burden on consumers during the Songkran holiday, he said.
Refined premium petrol on Thursday shot up to US$117 (Bt3,700) per barrel and refined diesel to $139.50.
PTT president Prasert Bunsumpun yesterday insisted his company would not raise prices during Songkran, but rather would reconsider the matter after the holiday period.
PTT sells premium petrol at Bt35.09 per litre and diesel at Bt31.94.
Bangchak Petroleum's diesel is the cheapest, at Bt31.44 per litre.
The Nation
OTHER BUSINESS
-
Cotton bags only a fashion statement
Visiting the 36th National Book Fair, I became concerned about the use of plastic bags in Thailand. -
Buddhism vs capitalism
The spiritual practice of simplicity will overcome the materialistic way of life, say scholars
{literal}
Top Stories
- Hard-disk producer western digital wins BOI backing
- PTT warns of huge LPG subsidy danger
- Tata rides confidence wave
- New Bt2 coins to hit market in September
- Shell raises retail oil prices
- TT&T stock price jumps over 30% in trading
- Bt6-bn buyout for Padaeng Industry
- Energy-efficient homes can save on power bills
- Sights set on global top 10
- Government savings bank unveils new mutual fund
Tel 66-2-338-3000(Call Center), 66-2-338-3333, Fax 66-2-338-3334