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| Oil Hike by 50 Satang |
| UPDATE : 5 February 2010 |
Oil distributors raise pump prices by 50 satang a liter, excluding E-85 gasohol.
At 5 am today, retail prices for all petroleum products except E-85 Gasohol were increased by 50 satang per liter.
As a result, benzene 91 is currently sold at 36 baht 34 satang a liter, gasohol 95 at 32 baht 74 satang, gasohol 91 at 31 baht 94 satang , diesel at 28 baht 9 satang, and bio-diesel at 26 baht 89 satang a liter.
PTT Assistant Managing Director, Wittaya Wangjitrarak, said overseas oil prices have surged since the beginning of this week in response to improving economic results in the United States and European countries, as well as increased demand for diesel among eastern African nations.
The Dubai crude oil price rose 3.17 US dollars to 75.97 US dollars per barrel.
In Singapore, finished oil for benzene 95 went up 2.43 US dollars to 90.03 US dollars a barrel, while diesel price jumped 4.10 dollars to 83.97 dollars a barrel.
The price surge has caused the market margin for oil to stay at around 1 baht per liter.
Wittaya said oil prices in overseas markets will remain volatile in the short-run due to a balance in positive and negative momentum in the market.
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