Bangchak forecasts benzene price rise until year-end

Published on August 9, 2012 by TFP   ·   No Comments

BANGKOK, 9 August 2012 – According oil giant Bangchak Petroleum, the retail price of benzene is expected to rise by 1 baht per liter before the end of this year.



Bangchak President Anusorn Saengnimnuan said he believed that during the period between now and the end of this year, the domestic retail price of benzene will go up by 1 baht a liter. The expected rise in benzene prices will be in line with the global upward trend; the Dubai crude oil price is predicted to jump to 104-105 dollars a barrel in the second half of the year.



However, the president confirmed that the domestic diesel price will be unchanged at not more than 30 baht per liter with the help of the government’s oil price subsidy.



Mr Anusorn also commented on the planned discontinuation of Benzene 91 sales on October 1, saying that the move is unlikely feasible as a longer transition period is needed. Nonetheless, if the government can provide clear instructions on its cancellation plans, he said the oil retailer will be willing to comply and will focus on the distribution of gasohol and biodiesel instead.

(NNT : Orapa Chueyprasit)

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