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Cheaper gasoline expected as shifts in oil price reflected at pumps

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Cheaper gasoline expected as shifts in oil price reflected at pumps

 

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Channel 7 reported that consumers can expect cheaper gasoline prices at pumps today as lower oil prices are passed onto consumers. 

 

They said that motorists were already filling their tanks. 

 

There were huge falls in the price of oil on Monday as Saudi Arabia and Russia went on a price war amid falling demand due to the coronavirus. 

 

The Thai media expected most gasoline to be 60 satang cheaper and E85 to be 40 satang cheaper. It was the second fall in two days. 

 

In other news they reported a rise of 1.2% in Thai stocks amid trading volume of 74 billion baht. 

 

The price of gold bars was at 24,700 and jewelry at 25,200 they said. 

 

Source: Channel 7

 

 

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-- © Copyright Thai Visa News 2020-03-11
 
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About an hour ago I filled up the pick-up and 3 drums at Esso Wang Sai Phun and it was 24.12/L which seems a bit rich given the dramatic drop in crude price. 

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Oil goes down 30%, petrol price down 60 satang doesn't make sense especially when it has low tax included unlike in Europe. Maybe someone knows why?

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Posted (edited)
16 hours ago, scubascuba3 said:

Oil goes down 30%, petrol price down 60 satang doesn't make sense especially when it has low tax included unlike in Europe. Maybe someone knows why?

Taxes are lower than in super high tax countries like Germany.

But taxing or preferences vary much depending on fuel type and not nearly tax free.

Extreme cases:

Pure Benzene/Petrol, ex. refinery 9.6889 B/l, retail 30.36.

E85, ex. refinery 19.379725, retail 17.29.

And the so called "oil fund" is the political steering mechanism.

Adjusted by the season.

 

(click on image for full size)

fuelpricestructure.jpg

 

http://www.eppo.go.th/index.php/th/petroleum/price/structure-oil-price

 

Edited by KhunBENQ
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I am also on E20 but bet it will slightly more than 20 Baht.

The further from the eastern seaboard the more expensive.

 

The prices in my above post reflect another price reduction as of today.

All except Diesel.

 

fuel12032020.jpg

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On 3/11/2020 at 2:12 PM, legend49 said:

Barrel of oil has dropped over 30% in cost and PTT gives us 60 satang off? Spare me, why bother just more useless small coins I cant read the value of.

Do you buy your fuel in a 1 litre bottle at a time?

 

60 satang per litre or 6฿ for 10 litres or 30฿ for 50 litres.

 

Tell the gas station that you want to pay the older more expensive price.

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My fuel (E20) has gone down about 19% since mid January.

And why it is not 30% see above (post #6).

A 40l filling down from about 950 to 770.

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Posted (edited)

Another boring message, prices down further since this morning.

Compare with image from March 12.

fuel_20200401.jpg

Edited by KhunBENQ

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Valid from today, March 10, 2020.

High ethanol stuff hit a bottom.

 

fuel_20200410.jpg

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1 hour ago, KhunBENQ said:

Valid from today, March 10, 2020.

today is April 10,2020 :jap:

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On 3/11/2020 at 7:11 PM, scubascuba3 said:

Oil goes down 30%, petrol price down 60 satang doesn't make sense especially when it has low tax included unlike in Europe. Maybe someone knows why?

Think distribution network?

Wellhead to gas pump would be how many weeks?

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