BANGKOK, 29 June 2015 (NNT) – Oil conglomerate PTT has planned to invest five billion baht in energy businesses in Southeast Asia during the next five years.
PTT Vice President for International Marketing Buranin Rattanasombat revealed that the PTT would focus its investment on the increase of the number of gas stations within Thailand and in other ASEAN countries.
According to him, the sales of benzene and diesel through PTT its gas stations have jumped eight percent in the past five years. Its market share has risen by one percent to 38 percent. Sales of benzene and diesel to other operators have also jumped 14 and 2.1 percent respectively, whereas the sales of Liquefied Petroleum Gas (LPG) have dropped between five to six percent.
The giant oil corporation estimates that its income from petrol sales this year would likely drop to 500 billion baht, down from 635,000 billion baht, due to falling petrol prices. However, its profits are expected to remain stable.
