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PTT cuts petrol prices

PTT Plc will cut petrol prices by 40 satang per litre, with effect on Saturday, following the ease of finished oil prices in Singapore on several positive news.

"Good news are US petrol reserves rose 600,000 barrels per day to 204.7 million barrels. Meanwhile, Iran has convened with the Union Nations to find an exit from the nuclear crisis," said Chaiwat Chooritti, senior executive vice president of PTT.

As a results, crude oil and finished oil prices have eased. Octane-95 petrol price has fallen to US$78.87 per barrel, from nearly $90.

After the price cut, octane-95 petrol in Bangkok will be Bt28.79 per litre, gasohol 95 at Bt25.29, octane-91 petrol at Bt27.99, gasohol 91 at Bt24.49.

Diesel price keeps unchanged.

"This is the fourth cut in 3 weeks. Still, motorists should be more cautious in energy consumption, as most of oil products are imported which costs the country between Bt700-Bt800 billion a year," Chaiwat said.

- The Nation

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PTT cuts petrol prices

PTT Plc will cut petrol prices by 40 satang per litre, with effect on Saturday, following the ease of finished oil prices in Singapore on several positive news.

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