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Thai Oil Traders Cut Fuel Prices

With the move, the retail prices of premium gasoline and regular gasoline of the two oil traders in Bangkok and its surrounding..

Thailand's two leading oil traders, PTT Public Company Limited and Shell Corporation, decide to cut their prices of fuel of all categories by 0.40 baht (1 U.S. cent) per liter, effective from Feb. 3.

With the move, the retail prices of premium gasoline and regular gasoline of the two oil traders in Bangkok and its surrounding provinces will be 26.84 baht (67 cents) and 26.04 baht(65 cents) per liter respectively as of 05:00 a.m. Friday.

Other local oil traders are expected to follow suit, according to the Thai News Agency Friday.