BANGKOK, 23 April 2011 (NNT) – Domestic oil retailers and refineries PTT Plc and Bangchak Petroleum Plc have increased their retail prices of oil products by 40 satang per liter, except for E85 and diesel, starting from Saturday at 05.00 hrs onwards. The price adjustment resulted from higher prices of crude oil in the global [...]
BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
BANGKOK, 12 June 2010 (NNT) – Thailand’s petroleum giant, PTT Plc, is joining hands with the Provincial Electricity Authority (PEA) in developing the wind farm project for generating wind-powered electricity and reducing oil consumption. Chief Executive Officer and President of PTT Prasert Bunsumpun revealed that the company had agreed with the PEA to build wind [...]
BANGKOK, 31 May 2010 (NNT) – PTT and Bangchak Petroleum are set to replace biodiesel B2 with B3 while lowering its price by 30 satang per liter, effective tomorrow. From tomorrow onwards, PTT and Bangchak Petroleum will begin distributing biodiesel B3 to motorists in place of biodiesel B2 in compliance with the government’s policy to [...]
BANGKOK, 15 May 2010 (NNT) – PTT is preparing to propose to the Energy Policy and Planning Office of Thailand (EPPO) to amend the conditions in liquefied natural gas (LNG) purchase contract in spot purchase instead of long term agreement since the cost of spot buying is lower than long term contract by 20%. PTT [...]
BANGKOK, 7 May 2010 (NNT) – Thai national energy company PTT Plc is ready to replace biodiesel B2 with B3 within June, hoping to help reduce diesel imports by 11 billion THB. Mr Prajya Phinyawat, Chief Operating Officer of PTT’s Downstream Petroleum Business Group, stated that the replacement should help strengthen the stability of the [...]
BANGKOK, 21 April 2010 (NNT) – Domestic oil retailers will reduce oil prices by 40 Satang per liter for Gasohol 91, 95 and E20, and 20 Satang a liter for benzene 91 from 22 April 2010 at 5.00 hrs onwards. The oil prices have been adjusted in line with the reduction of crude price in [...]
BANGKOK, 26 March 2010 (NNT) – Thai petrol giant PTT Public Co. Ltd. is planning to phase out benzene 91 and 95 within the next few years. PTT President Prasert Bunsumpun stated that the company will gradually replace benzene 91 and 91 with gasohol over the coming years but noted no exact time frame for [...]
BANGKOK, 22 March 2010 (NNT) – PTT Exploration and Production Plc (PTTEP) has scrapped a joint venture project in Indonesia — Bengara-1. PTTEP has recently announced that its subsidiary PTTEP Bengara Company Limited has terminated the Bengara-1 project in which PTTEP holds 40% investment. The decision will take effect as soon as the firms’ request [...]
BANGKOK, 20 February 2010 (NNT) – The Petroleum Authority of Thailand (PTT) and Bangchak Petroleum Public Company have raised the retail price of diesel oil by 50 satang a liter, starting from today at 05.00 hrs. Benzene oil remained at the same price. Oil retail prices of PTT in Bangkok and its perimeter today will [...]
