The government has raised the natural gas for vehicle (NGV) price by 50 satang per kilogram, from 8 baht 50 satang to 9 baht, beginning today. Meanwhile the PTT has raised its retail benzene and diezel prices since midnight last night. The National Energy Policy Council last week approved the resumption of oil fund levies [...]
The Ministry of Energy is adamant that a sufficient amount of natural gas for vehicle (NGV) will continue to be supplied to public buses and vans by PTT Plc despite the flooding disaster. After joining a meeting of the Energy Ministryâs flood relief operation unit, Mr Pachara Naripthaphan, Spokesperson of the Ministry, admitted that the [...]
Unprecedented natural disaster has prompted the Energy Ministry to consider increasing the energy security. Energy Minister Pichai Naripthaphan said the Ministry was planning to amend the law in order to boost the national oil reserve. Under the law, the national short-term crude oil reserve accounts for five percent of crude oil in the country. Such [...]
Bangchak Petroleum Public Co.,Ltd has planned to spend 25 billion THB in its new investment projects over the next five years. According to Bangchak Petroleum President Anusorn Sangnimnuan, the 25 billion THB budget will be spent on improvement of Bangchak’s refineries, production of alternative energy, and business expansion overseas. Bangchak has planned to open gas [...]
The Committee on Energy Policy Administration (CEPA) has resolved to decrease the collection towards the Oil Fund from Benzene 95, Benzene 91 and diesel, causing their prices to fall tomorrow. Energy Minister Pichai Naripthaphan announced that CEPA had decided to reduce the Oil Fund collection from Benzene 95 by 7.17 THB per liter, Benzene 91 [...]
The Electricity Generating Authority of Thailand (EGAT) is monitoring the water levels in the Bhumipol and the Sirikit dams closely to make sure the water will not affect residents living below the dams. EGATâs Communication Director Mr. Tatree Riewcharoen said EGAT had been working with the Royal Irrigation Department in keeping the water levels safe [...]
Domestic oil retailers and refineries, PTT Plc and Bangchak Petroleum Plc, have increased their retail prices of benzene products by 50 satang per litre, except for E85, which is raised by 30 satang a litre, starting from Tuesday at 5.00 hrs onwards. The oil price adjustment of the two companies was made due to the [...]
Domestic oil retailers and refineries, PTT Plc and Bangchak Petroleum Plc, have increased their retail prices of benzene products by 40 satang per litre, except for Gasohol, which is raised by 20 satang a litre , starting from Friday at 05.00 hrs onwards. The price adjustment at PTT and Bangchak was made after foreign retailers [...]
Bangchak Petroleum Plc has voiced disagreement with the incoming governmentâs policy to terminate the State Oil Fund, insisting that it is an important tool for regulating energy prices of the country. Bangchak President Anusorn Saengnimnuan recommended the Pheu Thai-led administration to thoroughly review its plan to reduce fuel prices by shutting down the Oil Fund, [...]
PTT Plc has successfully closed gas valve of its leaking gas tube in the Gulf of Thailand, and the operation is under way to clear seawater and humidity out of the pipeline before resuming normal gas transmission. According to PTT Upstream Petroleum and Gas Business Group Chief Operating Officer Pailin Chuchottaworn, aquanauts have successfully closed [...]