Gasohol & Diesel Raised by 50-80 Satang

[Central Scrutinizer]

Prices of Gasohol and Diesel Raised by Another 50-80 Satang

 

 

Shell continues to raise its retail pump prices on a daily basis. In its latest announcement, the oil conglomerate has decided to up its diesel pump prices by another 80 satang, a new high of over 42 baht per liter.

 

Reports have also come out that small oil retailers nationwide have begun to close their doors due to the escalating world oil prices.

 

Shell has once again shocked motorists by its decision to raise pump prices for diesel by 80 satang and gasohol 95 by 50 satang. The latest round of increase means, at Shell, the price of diesel is now 42.14 baht per liter while gasohol 95 is 37.39 baht a liter. The price of gasohol 91 is at 36.59 baht per liter.

 

Prices of benzene remains the same at 43.39 baht for benzene 95 and 40.99 baht for benzene 91.

 

PTT has also raised its diesel price by 80 satang today. The price of diesel at PTT gas stations now stand at 41.34 baht per liter.

 

The prices of benzene fuels are cheapest at PTT stations. Benzene 95 at PTT costs 41.59 baht and benzene 91 is 40.49 baht a liter. As for Esso, retail prices for benzene 95 and 91 are 42.09 baht per liter and 40.99 baht a liter respectively.

 

Meanwhile, oil Retailers' Association President Somphob Thanateerapong says around 50 per cent of small oil retailers have been forced to close their doors due to the drastic drop in demand and the expensive fuel prices. These retailers are calling for the government to reduce its refinery charges to allow small oil businesses a chance to survive.

 

On the international front, this morning in Singapore, light, sweet crude for July delivery was down 19 cents at 136.55 U.S. dollars a barrel in electronic trading on the New York Mercantile Exchange.

 

Meanwhile, the G8 finance ministers' two-day meeting in the western Japanese city of Osaka kicks off today. The main issues expected to be discussed by the ministers are the rising oil and food prices which have put a lot of pressure on inflation during the past two to three years, the world economic growth and the world climate change.

 

[Julian2]

This is a great cash cow for governments every where. Tax on Petrol is a fixed percentage so if the tax is... for example 20%: 20% of $1.20 cents a liter is 50% more than 20% of 80 cents a liter.

They could reduce the tax with out losing a zac and pass the savings on to the consumer.

It's been pointed out to me on this board that maths isn't my strong point but that's what it looks like to me.