Commodity Market Report
Thailand retail fuels long-term outlook
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Report summary
Thailand is a growing market for carbon-based fuels with gasoline demand for road transport is projected to increase through 2035. Fuel prices in Thailand are liberalised and are published daily by the Thai Energy Policy and Planning Office (EPPO). The government uses an oil fund levy for subsidies, such as those for higher biofuel blends, and to control price volatility. The retail market has five major fuel retailing companies: OR (PTT), PTG, Bangchak (BCP), Shell, and SPRC (Caltex). Cumulatively, these companies account for over 93% of the overall fuel retail business by sales volume.
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