PTT monitoring price movements of global oil

September 25th, 2008 - 3:41 pm ICT by Amrit Rashmisrisethi  

Despite price hike of global oil, PTT President Prasert Bunsumpun (ประเสริฐ บุญสัมพันธ์) insists PTT still stabilizes its retail prices of all type of oil, adding that the firm needs to observe price movements of global oil prior to an adjustment.

In response to the price hike of global oil, Mr. Prasert says energy entrepreneurs’ investment capitals have increased accordingly. He says, however directions of global oil prices remain unpredictable.

Mr. Prasert says market value of energy is averagely standing around 20-50 stang a liter. He views that global price hike of oil at the moment was resulted from financial crisis in the United States of America, adding that the US crisis’s vague directions cause volatility to global oil prices.

Source : National News Bureau, Public Relations Department of Thailand

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