Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as oil futures to achieve effective cost management.
The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months.
SET-listed WP Energy, Thailand's third-largest liquefied petroleum gas (LPG) trader, is maintaining its 2022 revenue growth target at 5% as the government continues to gradually reduce its LPG price subsidy.
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The cost of cooking gas rose by one baht a kilogramme on Friday, and people called on the government to better control consumer prices as incomes remained stagnant or dropped.