Thailand’s Energy expert says retail benzene price may reach 40 baht a liter
Energy expert says retail benzene price may reach 40 baht a liter
Energy Expert Manoon Siriwan says the price of Benzene may hit record high of 4 USD a gallon, resulting in the retail Benzene price in the country in June to increase to 40 baht a liter.
The expert says further that the crude oil price in the global market might exceed 120 USD a barrel and this increase will affect prices of refined oil in the Singapore market. Factors affected oil price hikes include continuously depreciating USD and terrorist attacks at oil pipes in Nigeria which leads to less oil export from the country.
Mr Manoon also says the retail diesel price has increased 2-3 times lately due to low oil margins. He adds that if the global diesel price is raised 2-3 more times, the domestic diesel price will increase by two baht to stay at 38 baht a liter.
Source: Thai National News Bureau Public Relations Department - 23 April 2008
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