PTT anticipates a hike in NGV price

So far, accummulated losses from the business have risen to Bt11 billion, while demand for the gas is rising on the back of renewed spike in oil prices. The current demand is 3,400-3,600 tonnes per day, for 14,000 NGV vehicles, 53 per cent of them being passenger cars which consumed 9 per cent of total consumption. A number of 60 cars refitted their engine for the gas in May, compared to 30. When oil prices peaked last year, the monthly refitting covered 400-500 vehicles per month.

Nattachart added that PTT is cutting cost by transmitting more gas through pipelines rather than trucks and encouraging more third-party investment in NGV stations. The station owner is now offered margin of Bt2 per kg, and the margin could be increased for stations in Bangkok.