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Oil prices should not go beyond 110 US dollars per barrel

Oil prices should not go beyond 110 US dollars per barrel

BANGKOK, 23 March 2011 (NNT) – Oil prices should not go beyond 110 US dollars per barrel although the situation in Libya is getting more violent with continuous attacks by…

Middle East Unrest will not prompt oil price to rise

Middle East Unrest will not prompt oil price to rise

BANGKOK, 21 March 2011 (NNT)-Mr. Thanawat Polwichai, the Director of the Economic and Business Forecasting Centre at the University of the Thai Chamber of Commerce has revealed that the UN…

PTT Plc and Bangchak decrease oil prices

PTT Plc and Bangchak decrease oil prices

BANGKOK, 10 March 2011 (NNT) – Domestic oil retailers and refineries, PTT Plc and Bangchak Petroleum Plc, have decreased their retail prices of gasohol products by 50 satang for and…

Plans to increase the diesel subsidy

Plans to increase the diesel subsidy

BANGKOK, 3 March 2011 (NNT) – The Energy Policy and Planning Office (EPPO) plans to increase the diesel subsidy if the oil price in the world market still soars continuously.…

EGAT has estimated that this year’s electricity consumption will increase by 5 percent

EGAT has estimated that this year’s electricity consumption will increase by 5 percent

BANGKOK, 16 February 2011 (NNT) – The Electricity Generating Authority of Thailand (EGAT) has estimated that this year’s electricity consumption will increase by 5 percent from 2010 while the Ft…

Diesel price pinned only in short-term

Diesel price pinned only in short-term

BANGKOK, 14 February 2011 (NNT) – Bank of Thailand (BoT) Governor Dr Prasarn Trairatvorakul has voiced his belief that the government’s measure to pin diesel price at 30 THB per…

Oil subsidy maintained to alleviate people’s hardship

Oil subsidy maintained to alleviate people’s hardship

BANGKOK, 13 January 2011 (NNT) – Prime Minister Abhisit Vejjajiva said the government’s oil subsidy did not intervene with the Oil Fund mechanism, adding the government would revise the subsidy…

Energy Policy and Planning Office extends diesel subsidy until April

Energy Policy and Planning Office extends diesel subsidy until April

BANGKOK, 11 February 2011 (NNT) – The Energy Policy and Planning Office (EPPO) has decided to prolong the Oil Fund’s subsidy for diesel until April to help shoulder consumers’ burdens.…

Domestic oil retailers and refineries PTT Plc and Bangchak Petroleum Plc have increased retail oil prices

Domestic oil retailers and refineries PTT Plc and Bangchak Petroleum Plc have increased retail oil prices

BANGKOK, 3 February 2011 (NNT) – PTT, Bangchak increase oil price by 50 satang/liter across the board for all benzene products, except E85, from 3 February at 05.00 hrs onwards. Retail…

supports sales of biodiesel B3 amid palm oil shortage

supports sales of biodiesel B3 amid palm oil shortage

BANGKOK, 27 January 2011 (NNT) – The Energy Ministry has encouraged oil distributors to sell biodiesel B3 instead of B5 in order to ease the palm oil shortage problem in…