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Shell Thailand expecting retail oil prices to increase
Retail oil prices are expected to edge up soon following the fluctuation in global crude prices as well as low marketing fees at home, according to Shell Company of Thailand.
Retail sales and operations general manager Suphan Suthisan said in a statement yesterday that oil retailers had suffered from a sharp rise in operating costs while crude oil prices may not ease soon due to the nuclear dispute in Iran. Finished diesel has edged up US$1.15 (Bt40) per barrel to $81.19, while finished petrol is up $1.67 to $83.40 a barrel. In Singapore, oil prices were steady above $63 a barrel in Asian trading on news that US refineries were resuming production after being taken down for routine spring maintenance, alleviating some supply worries. - The Nation.
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