Is petrol expensive in Thailand?

For comparison, the average price of gasoline in the world for this period is 238.83 Thai Baht….Thailand Gasoline prices, 06-Dec-2021.

What fuel is used in Thailand?

All fuel in Thailand is unleaded; diesel is used by trucks and some passenger cars. Thailand also uses several alternative fuels, including gasohol (a blend of petrol and ethanol that comes in either 91\% or 95\% octane levels) and compressed natural gas, used by taxis with bi-fuel capabilities.

Why is petrol so cheap in Malaysia?

“We are among the cheapest because we do not have a tax for it, while most countries put taxes on top of their fuel prices,” he said in a phone conversation. Khairul Annuar believes that Malaysia’s petrol prices will not get any lower due to crude oil being imported directly from Singapore’s refineries.

What is the cost of 1 Litre petrol?

The petrol rates in India stood at Rs 97.76 per litre in New Delhi, Rs 97.63 per litre in Kolkata, Rs 103.89 per litre in Mumbai and Rs 98.88 per litre in Chennai.

Why is gasoline so expensive in Thailand?

He said Thailand collects excise taxes (such as five baht and 98 satang per liter for diesel and six baht and 50 satang per liter for benzene, making Thai fuel prices higher than those of Malaysia. The difference in fuel prices prompts offenders in the region to smuggle oil into Thailand to sell in the South.

What is Thailand energy consumption 2021?

From January to July 2021, approximately 2.04 million barrels of oil equivalent (BOE) per day of the commercial primary energy were consumed in Thailand. In that same period, the production of such energy amounted to around 867 thousand BOE daily in the country.

Where does Thailand get its gas from?

Natural gas imports in the form of liquefied natural gas (LNG), primarily from Qatar, and pipeline gas from neighboring offshore fields in Myanmar were an estimated 460 billion cubic feet (Bcf) in 2016. Thailand commenced LNG imports at its first regasification terminal, the Map Ta Phut LNG, near Bangkok in 2011.

What determines crude oil prices?

supply and demand
Crude oil prices are determined by global supply and demand. Economic growth is one of the biggest factors affecting petroleum product—and therefore crude oil—demand. Growing economies increase demand for energy in general and especially for transporting goods and materials from producers to consumers.

Which country has low petrol price?

On the contrary, Venezuela has the cheapest petrol price in the world. One litre of petrol in Venezuela is priced at $0.025 or Rs 1.88. Coming in the second position is Syria, where one litre of petrol costs $0.060 or Rs 4.50 for one litre.

What is the petrol price in Vietnam?

Vietnam Gasoline prices, 06-Dec-2021