Tag:

oil price

Today’s oil price 13 Jun 68 gasoline-gasohol increased by 40 satang per liter.

by Priya Shah – Business Editor June 13, 2025

written by Priya Shah – Business Editor

Thailand Sees Fuel Price Hike Across All Categories

Gasoline, Diesel, and Alternatives Increase by 40 Satang Per Liter

Motorists across Thailand are bracing for higher costs at the pump as fuel prices have risen across the board. The adjustments, effective June 13, 2025, impact gasoline, gasohol, premium fuels, and diesel, reflecting ongoing global market pressures.

Price Adjustments Detailed

PTT Public Company Limited, alongside Bangchak Corporation Public Company Limited, have both implemented a 0.40 baht per liter increase. This change affects all types of gasohol and premium GSH95, as well as all diesel variants. According to recent data from the Energy Policy and Planning Office, Thailand imports approximately 80% of its crude oil, making it vulnerable to fluctuations in international oil markets. EPPO Data (2025)

Here’s a breakdown of the new retail prices:

Gasoline 95: 41.24 baht per liter
Gasohol 95: 32.95 baht per liter
Gasohol 91: 32.58 baht per liter
E20: 30.74 baht per liter
E85: 29.09 baht per liter
Diesel: 31.94 baht per liter
B20: 30.94 baht per liter

(These prices do not include local maintenance taxes.)

Chart illustrating the new fuel prices as of June 13, 2025.

Bangchak and Shell Pricing

Bangchak Corporation has also adjusted its prices, with premium diesel now at 47.14 baht per liter. Diesel B7 is priced at 32.94 baht per liter, while standard diesel and Fast diesel B20 remain at 30.94 baht per liter. High premium 97 is available for 49.24 baht per liter. Shell’s pricing reflects similar increases, with Shell V-Power gasohol 95 reaching 49.54 baht per liter.

Premium diesel price 47.14 baht/liter
Diesel B7 Price 32.94 baht/liter
Diesel price 30.94 baht/liter
Fast diesel b20 price 30.94 baht/liter
High premium 97, price 49.24 baht/liter
Gasohol E85 Price 29.09 baht/liter
Gasohol E20 price 30.74 baht/liter
Gasohol 91 Price 32.58 baht/liter
Gasohol 95, price 32.95 baht/liter

Today’s oil price 13 Jun 68 gasoline-gasohol increased by 40 satang per liter. — Additional chart detailing price adjustments from various providers.

Chelsell FUCO Save E20 price 35.94 baht/liter
Shell fuse, gasohol 91, price 36.28 baht/liter
Shell fuse, gasohol 95, price 37.75 baht/liter
Shell V-power gasohol 95, price 49.54 baht/liter
Shell Fuse Diesel B7 Price 30.64 baht/Liter
Shell V-Power Diesel B7 Price 46.94 baht/Liter

Consumers can stay informed about the latest fuel prices by visiting Sanook’s oil price page for up-to-date information.

June 13, 2025 0 comments

Business

Trade Minister Demands Authenticity in Media Amidst Re-Packaged News Concerns

by Chief editor of world-today-news.com February 20, 2025

written by Chief editor of world-today-news.com

Indonesia Tackles cooking Oil Price Crisis with Innovative Solutions

JAKARTA — Amidst reports of price manipulation in Indonesia’s cooking oil market, Trade Minister budi Santoso addressed concerns on Thursday, Feb. 20, 2025, assuring the public that the government is actively monitoring and intervening to stabilize prices.

The minister confirmed that traders are now selling government-branded cooking oil in an orderly fashion. “No, nothing. But not, everything is orderly. We have been orderly,” he said during a meeting at the Ministry of Trade.This statement, while seemingly simple, underscores the government’s commitment to restoring order to a market considerably impacted by price manipulation.

Repackaging of cooking oil, often called “oplos,” allows for higher retail prices. The government has set a highest retail price (HET) of Rp 15,700 per liter for certain brands, but premium and bulk cooking oils remain unregulated, creating opportunities for exploitation. This price disparity highlights the complexity of the issue and the need for a multi-faceted approach to regulation.

Minister Santoso explained that the government utilizes the Trade Performance Reporting and Monitoring System (SP2KP) to track oil prices nationwide. “We have SP2KP, yes. We SP2KP is monitored every day by the service. Yes, so if, which is the expensive point we certainly know. When there is an expensive point,which region is,we will definitely communicate with the region,” he explained.This system allows for rapid identification of areas with inflated prices, enabling prompt intervention and supply adjustments.

to further control prices and ensure equitable distribution, particularly in eastern indonesia, the government is collaborating with state-owned food enterprises (BUMN) such as ID Food and perum Bulog. “As if Bulog and ID Food are the east areas, manny distributors will quickly go down (price). In SP2KP there will be an area, such as, the expensive is red, now it has begun orange, so it’s good now,” Santoso noted. The involvement of these BUMNs is crucial for addressing regional disparities and preventing price gouging in remote areas.

The government’s multi-pronged approach, combining monitoring through the SP2KP system with the strategic deployment of BUMN resources, aims to ensure affordable and accessible cooking oil for all Indonesians. The ongoing efforts highlight the government’s commitment to addressing this critical issue and maintaining price stability within the market. This thorough strategy demonstrates a commitment to both short-term stabilization and long-term market reform.

Indonesia’s Bold Moves against Cooking Oil Price Manipulation: Insights from an Industry Expert

Opening Statement:

amid rising concerns over price manipulation, Indonesia is boldly stepping up with innovative strategies. How are government interventions transforming the cooking oil market?

Senior Editor (SE):

Indonesia has been grappling with meaningful price manipulation in its cooking oil market. Could you shed some light on the current strategies the Indonesian government is implementing to address this issue?

Expert:

Certainly. The Indonesian government, led by Trade Minister Budi Santoso, is taking decisive action to stabilize the cooking oil market. They’ve implemented a robust monitoring system called the Trade Performance Reporting and Monitoring System (SP2KP). This system is pivotal for tracking nationwide cooking oil prices and identifying regions with inflated prices, allowing for timely intervention. Additionally, the government is collaborating with state-owned enterprises, such as ID Food and Perum Bulog, to ensure equitable distribution, particularly in eastern regions prone to price disparities.

SE:

With the phenomenon of “oplos,” or the repackaging of cooking oil to drive up prices, how is the government managing to set regulations that combat this exploitation?

Expert:

The government has set a highest retail price (HET) limit of Rp 15,700 per liter for certain brands to curb the impact of oplos. Though, managing price disparity in premium and unregulated bulk cooking oils remains a complex challenge. the multi-faceted regulatory approach involves monitoring through SP2KP and leveraging the resources of BUMNs to mitigate exploitation. This dual strategy ensures both immediate interventions and long-term market stability, preventing traders from inflating prices through deceptive packaging.

SE:

How effective has the collaboration with state-owned enterprises like ID Food and Perum Bulog been in ensuring that cooking oil remains affordable and accessible, especially in remote areas?

expert:

This collaboration is proving to be highly effective. By involving state-owned enterprises, the government can exert influence over regional distribution networks. As Minister Santoso noted, when these organizations engage in these markets, prices tend to stabilize quickly. In regions where Bulog and ID Food are active, distributors are more likely to reduce prices, as monitored through the SP2KP system. This approach not only promotes price equity but also ensures remote areas are not neglected,demonstrating a commitment to nationwide accessibility.

SE:

what broader implications do these government strategies have for Indonesia’s market reform and economic stability?

Expert:

The government’s strategies signify a larger trend towards transparency and accountability in market operations. By using systems like SP2KP, they’re setting a precedent for data-driven governance that can identify issues before they escalate. This proactive stance not only tempers immediate crises but also lays the groundwork for enduring reform. The successful integration of technology and resource management underscores Indonesia’s dedication to fostering a fair and stable economic environment. Ultimately, these steps are crucial for sustaining market confidence and preventing future manipulations, benefiting both consumers and legitimate enterprises.

Key Takeaways:

Robust Monitoring harnessed: The SP2KP system is central to identifying and addressing price manipulations across the country.
effective Collaboration: partnerships with BUMNs like ID Food and Perum Bulog are vital for maintaining fair pricing, especially in underserved regions.
Long-term Market Reform: Indonesia’s strategic approach not only addresses immediate issues but also paves the way for more enduring market stability and transparency.

We invite you to join the conversation. Share your thoughts on these strategies in the comments below or share this interview on social media to spark a broader discussion on equitable market practices.

February 20, 2025 0 comments

Business

Oil Prices Plunge on Demand Fears

by Chief editor of world-today-news.com December 18, 2024

written by Chief editor of world-today-news.com

Oil Prices Tumble on Global Economic slowdown

West Texas Intermediate (WTI) ‍crude oil futures concluded Tuesday, December 17th, with a second consecutive day of losses, closing‍ at $70.08 per barrel – a decrease of 0.89%. This decline ‍reflects⁤ growing investor anxieties surrounding a potential slowdown ‌in global⁣ oil demand.

The concurrent drop in Brent crude, which fell 0.97% to $73.19 per barrel, further underscores the prevailing market sentiment. This downturn comes on the heels of reports indicating a weakening german business confidence⁤ index adn sluggish Chinese consumer spending, factors that are‌ casting ‌a shadow over global economic⁢ growth and, consequently,⁤ energy demand.

Adding to the market’s‍ hesitancy, investors‍ are adopting⁢ a wait-and-see approach ahead‌ of the‌ Federal⁤ Reserve’s monetary policy announcement later in the day. ⁤The fed’s decisions regarding interest rates could substantially impact global economic activity‍ and, by extension, ‌the⁤ demand for oil.

gloomy Economic indicators Fuel Oil Price Decline

The Ifo Institute, a prominent german‌ economic research organization, reported a decline in the German business climate index to 84.7 in December.This represents the lowest level since May⁢ 2020, falling short⁣ of analyst predictions⁣ and signaling a ⁤potential ‌economic downturn in Germany. ⁢”The German⁢ business confidence index dropped to 84.7 in december, the lowest level⁢ since May⁤ 2020,” the Ifo Institute stated.

Concerns⁤ about potential negative impacts from trade policies have⁢ further dampened investor confidence. Simultaneously occurring, China’s National Bureau of Statistics (NBS) revealed a significant slowdown in November retail sales, rising only 3% compared to October’s 4.8% increase. This figure also fell below analyst ⁣expectations of a 4.6% rise, highlighting weakening consumer spending in the‌ world’s second-largest economy.

The combined effect ⁣of these negative ‌economic indicators ⁣has created a cautious ⁤atmosphere in⁤ the oil⁢ market, leading ‍to the observed price declines.The situation underscores the interconnectedness of⁤ global economies and the sensitivity of commodity prices⁣ to shifts in economic momentum. the impact of these trends ⁤on the U.S. economy remains to be seen, ⁣but the global slowdown could perhaps⁣ affect American energy consumption and prices in ⁣the coming ‌months.

Fed to Tread Carefully ‌on Monetary Policy Despite Robust Economic Indicators

The ⁤Federal Reserve is expected ⁣to proceed cautiously with ⁤its monetary policy adjustments⁣ in 2025,according to market analysts.This cautious approach follows ‍the release of surprisingly‌ strong economic data, including a significant ‍surge‌ in retail sales.

The Commerce department reported a robust 0.7% month-over-month increase in retail sales for November, exceeding analysts’ predictions of a 0.6% rise and⁣ surpassing October’s 0.5% growth. This translates‌ to a substantial year-over-year increase of 3.8%, a ⁣marked improvement from October’s 2.9% growth. The figures suggest continued consumer spending strength and a resilient US economy.

Adding to the picture‍ of economic strength, the American Petroleum Institute (API)‍ announced a significant drawdown in US crude oil inventories.The API reported a⁤ decrease of 4.7 million barrels for the week ending December 13th.This ‌development comes as investors eagerly await the official crude oil⁤ inventory figures from the Energy Details Administration (EIA).

While a 0.25% interest rate cut is widely anticipated at the ⁢December 18th ⁣Fed meeting, the strong economic indicators suggest a more measured approach to ‌future policy decisions. The unexpectedly positive retail sales data, in particular, could influence the⁤ Fed’s strategy for navigating the economic landscape in the ⁤new year.

The confluence of strong retail sales and declining oil inventories paints a picture of a healthy US ‍economy, potentially prompting the Fed to adopt a more cautious and data-driven approach to monetary policy adjustments in the year ahead.⁢ The upcoming EIA report will further refine the understanding ‌of the energy market’s influence on the overall economic outlook.

Published December 18, 2024

Oil Prices Dip as‍ global Economic Headwinds gather

As concerns mount over a potential global economic slowdown, oil‌ prices sank for a second day in‌ a row. This downward‌ trend is raising questions about the future of energy demand in a ⁣climate of uncertainty.

World Today News Talks too Dr. Emily Carter

To help us understand the forces driving these fluctuations, World Today News Senior⁣ Editor, ⁢Sarah Jones, sat ⁤down ⁢with‍ Dr. Emily Carter, a ‍leading economist specializing in global⁣ energy markets.

Sarah Jones: Dr.‌ Carter, thanks for joining ⁣us today.⁣ Oil prices seem to be heading downward, ‍what are the main ⁣factors contributing to this trend?

Dr. Emily Carter: It’s a confluence⁤ of factors, Sarah. Primarily, we’re seeing growing concerns about a ⁢potential slowdown in the global economy. Reports of weakening business ⁣confidence in Germany and softer ‍consumer spending in China⁣ are raising red ⁢flags. When economic growth wobbles, energy ⁤demand‍ tends to follow suit.

Sarah Jones: ‌You ⁣mentioned China specifically.⁤ How crucial is China’s economic⁤ health‍ to the global oil market?

Dr. Emily carter: China is the world’s second-largest ⁤economy and a major consumer‍ of ‍oil.Any‍ slowdown there‌ has ripple effects throughout the global energy landscape. If Chinese demand weakens, ⁢it can put downward‌ pressure on ⁣oil prices worldwide.

Sarah ‌Jones: We’re also seeing a lot of talk about the‍ Federal Reserve’s interest rate decision later today. Could this have an impact on oil prices?

Dr. ⁣Emily Carter: ⁢ Absolutely. The Fed’s decisions ⁣on interest‍ rates have major implications for global economic activity. If they ⁤decide to raise rates, it could curb economic growth⁢ and ⁢further dampen oil demand. Investors⁣ are understandably cautious ahead of this announcement.

Sarah Jones: So, what‍ does this all mean for consumers at the pump?

Dr. Emily carter: It’s challenging‌ to say with certainty, ‍but if these economic headwinds‌ persist, we could see some downward pressure on gasoline prices in the coming months. However, the ⁢energy market is complex, and geopolitical factors ⁢can also play a role. It’ll be engaging to see how⁣ things play out.

Sarah Jones: Dr. Carter, thank you for ‍sharing your expertise with⁤ us today.

Dr. Emily Carter: My pleasure, Sarah. Any time.

December 18, 2024 0 comments

World

Oil Falls, China’s Economic Stimulus Disappoints

by Chief editor of world-today-news.com October 14, 2024

written by Chief editor of world-today-news.com

London: Oil prices fell on Monday, investors not seeing the economic measures announced on Saturday by Beijing having a real influence on the demand for Chinese crude, in the grip of an economic slowdown. Around 9:30 a.m. GMT (11:30 a.m. CET), the price of barrel of Brent BRENT Brent, or North Sea crude, is a variation of crude oil serving as a benchmark in Europe, listed on the InterContinentalExchange (ICE), a stock exchange specializing in energy trading. It became the first international standard for setting oil prices. from the North Sea, for delivery in December, lost 2.02%% to 77.44 dollars.

Its American equivalent, the barrel of West Texas Intermediate (WTI WTI West Texas Intermediate (WTI), also called Texas Light Sweet, is a variation of crude oil that serves as a standard in setting the price of crude and as a raw material for oil futures contracts with the Nymex (New York Mercantile Exchange). ), the stock exchange specializing in energy.), for delivery in November, fell 2.14%, to $73.94.

🇨🇳 “The prudence of the measures taken by the Chinese government to revive the economy“have not convinced the markets of an increase in Chinese oil demand in the medium and long term, explains Ipek Ozkardeskaya, analyst at Swissquote.

China, the leading importer of black goldannounced on Saturday a massive recourse to public debt, with special bonds, to support its flagging economy, targeting the market and the banks.

“Over the next three months, a total of 2.3 trillion yuan (296.84 billion euros) of special bonds can be used“, said Finance Minister Lan Fo’an.

However, “the absence of a clear timetable and measures to address weak consumption and dependence on infrastructure investments” have only increased market skepticism, according to Mukesh Sahdev, an analyst at Rystad Energy.

The price of oil is also structurally contained by forecasts of abundant production in 2025.

Investors still remainvery attentive” to the conflict in the Middle East, estimates Tamas Varga, analyst at PVM.

🇺🇸 The United States announced Friday a series of sanctions targeting the Iranian petrochemical industry in response to the October 1 attack on Israel.

🇮🇱 But the markets are above all monitoring Israel’s response to this attack and fear a response on Iran’s oil infrastructure which would push up crude prices in the short term.

Comment Oil falls, China’s economic stimulus disappoints

Community barrel price

October 14, 2024 0 comments

Business

OPEC+ ministers maintain oil production policy

by Chief editor of world-today-news.com October 11, 2024

written by Chief editor of world-today-news.com

London/Dubai. A meeting of OPEC+ chief ministers left oil production policy unchanged, including a plan to start increasing output from December, while underscoring the need for some members to make further cuts to compensate for the glut. of production.

Several ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, held an online meeting of the Joint Ministerial Monitoring Committee (JMMC) on Wednesday.

“The JMMC emphasized the critical importance of achieving full compliance and compensation,” OPEC said in a statement after the meeting. “In addition, the Committee will continually evaluate market conditions.”

LCOc1 oil prices fell below $70 a barrel in September for the first time since 2021, but have since recovered above $75 on concerns that a possible escalation in the Middle East following the military attack in Iran to Israel could disrupt production in the region.

OPEC+ is cutting production by a total of 5.86 million barrels per day (bpd), or about 5.7 percent of global demand, in a series of measures agreed from the end of 2022.

The group plans a 180,000 bpd increase in December as part of a gradual reduction of its most recent layer of voluntary cuts that extends to 2025. The increase was delayed from October after falling prices.

The countries’ compliance was in the focus of the meeting, they told Reuters sources who attended it, and it is expected that it will continue to be so in the coming weeks, especially by Iraq and Kazakhstan.

These countries have promised what are known as compensatory cuts of 123,000 bpd in September and more in subsequent months to compensate for their previous excess production.

According to the OPEC statement, Iraq, Kazakhstan and Russia declared at the meeting that they had fulfilled the cuts promised for September.

But this will have to be verified before the second week of October by secondary sources, the consulting firms and price information agencies that the group uses to determine the production levels of its members, the statement added.

An OPEC+ source told Reuters last week that clarity on whether compensation cuts were made in September would allow the December increase to move forward.

However, a lack of compliance could lead Saudi Arabia and other countries to increase production even faster starting in December, according to analysts.

“If they fail to deliver, we can expect a quicker expiration of the voluntary cuts,” RBC Capital’s Helima Croft said in a report.

The JMMC, which brings together the oil ministers of Saudi Arabia, Russia and other major producers, usually meets every two months and can make recommendations to change policy. It will hold its next meeting on December 1, before the OPEC+ plenary meeting.

#OPEC #ministers #maintain #oil #production #policy
–

October 11, 2024 0 comments

Business

After the break, the Mexican peso gains ground, at 19.41 per dollar

by Chief editor of world-today-news.com October 11, 2024

written by Chief editor of world-today-news.com

Mexico City, Despite the fear of oil supply restrictions and uncertainty due to hostilities between Iran and Israel, the Mexican peso managed to close the first session of the new administration in Mexico with gains against the US currency, which strengthened worldwide by the risks associated with geopolitics.

After the holiday on Tuesday, due to the inauguration of Claudia Sheinbaum Pardo, as president of Mexico, the Mexican currency registered a daily appreciation of 1.40 percent this Wednesday, equivalent to 27.59 cents against its US counterpart, to close at 19.4162 pesos per dollar spot. Since it was positioned as the most appreciated currency against the dollar in the broad basket of currencies.

According to data from the Bank of Mexico (BdeM), the exchange rate operated between a maximum of 19.4630 units and a minimum of 19.3430 units in the wholesale market.

“Claudia Sheinbaum swore yesterday as president of Mexico. In his first speech he showed elements of continuity and change. Among the not so positive elements were the comments on the reform of the Judiciary, the presentation of social programs and the fact that it became constitutional due to its implications on public finances.

“On the positive side, the emphasis is on the need for private investment, as well as the security they can have with their projects; the autonomy of the Bank of Mexico; a responsible fiscal policy, with a reasonable debt-to-GDP ratio; the emphasis placed on economic integration with North America; the omission of the disappearance of the autonomous bodies,” described the economic analysis area of CIBanco.

For its part, the DXY index, which measures the behavior of the dollar against a basket of six international currencies, went up, with a gain of 0.44 percent, to 101,375 units, its best level since mid-September, given the escalation of hostility in the Middle East.

Uncertainty

And the impact of Iran’s response towards Israel continues to hit the markets and there is uncertainty, because although the dock workers’ strike in the United States is a relevant issue for investors, they are more alert to how far the war conflict will go. .

Oil prices continued to rise. He Brent rose 0.46 percent on Tuesday, to $73.90 per barrel, while oil futures West Texas Intermediate (WTI) in the United States gained 0.39 percent, to $70.10, after the United States reported a large buildup of crude oil reserves.

Oil prices rose on Wednesday on concerns that the escalating conflict in the Middle East could threaten oil supplies in the world’s main producing region, but a large buildup of crude inventories in the United States limited gains. .

Meanwhile, the private sector in the United States created 143 thousand jobs in September, a figure higher than the 103 thousand in August and above expectations, which breaks a sequence of five consecutive months of slowdown, the consulting firm showed. ADP.

The report highlights that the industry created jobs for the first time since April. The data is one more sign that labor market conditions are not deteriorating. The above encourages the Federal Reserve to continue lowering its reference rates.

Despite the above, Wall Street It closed flat and the Mexican Stock Exchange accumulated its third consecutive decline.

He Nasdaq it advanced 0.08 percent, to 17,924.26 points; he S&P 5000.01 percent, to 5 thousand 709.54 integers and the Dow Jones0.09 percent, to 42 thousand 196.52 points.

The Price and Quotations Index of the Mexican Stock Exchange fell 0.53 percent, to 52,199.66 integers.

#break #Mexican #peso #gains #ground #dollar
–

October 11, 2024 0 comments

Newer Posts

Older Posts