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BUSINESS

PTG denies fuel profiteering allegations

Business, Yuthana Praiwan, Published on 04/04/2026

» PTG Energy, a SET-listed oil trader under the PT brand, has dismissed speculation that it was hoarding fuel for profit, adding it has no plans to pursue legal action against those spreading the accusations.

BUSINESS

Petroleum and Energy Institute of Thailand denies oil refineries profiting from war

Business, Yuthana Praiwan, Published on 27/03/2026

» The Petroleum and Energy Institute of Thailand (PTIT) has denied an allegation that oil refineries are reaping a profit following a surge in their gross refinery margin (GRM) during the Mideast conflict, which is driving up domestic oil prices.

BUSINESS

Bombed PTT station to get compensation

Business, Yuthana Praiwan, Published on 05/08/2025

» Insurance companies cannot cite war as a reason for refusing to pay compensation to the owner of a PTT petrol station in Si Sa Ket, which was struck by a Cambodian rocket late last month, says the Office of Insurance Commission (OIC).

BUSINESS

Authorities reject party's assertion about power pacts

Business, Yuthana Praiwan, Published on 23/04/2025

» Energy authorities have insisted more power purchase agreements (PPAs) made under the state's 5.2-gigawatt renewables scheme will not lead to expensive power bills, as claimed by the People's Party.

BUSINESS

PTT dismisses rumour of 3 units merging

Business, Yuthana Praiwan, Published on 22/02/2025

» PTT Group has denied a rumour its three subsidiaries -- PTT Global Chemical Plc, IRPC Plc and Thai Oil Plc -- will be merged, but stressed they need to improve their business operations.

BUSINESS

Bangkok Cable bullish on tie-up with HiTHIUM

Business, Yuthana Praiwan, Published on 05/02/2025

» Bangkok Cable Co, a local electrical wire and cable manufacturer, is preparing to embark on a new business aimed at solving the unstable supply of renewable power, having established a partnership with HiTHIUM, a Chinese manufacturer of battery energy storage systems.

BUSINESS

Banpu touts 'Energy Symphonics'

Business, Yuthana Praiwan, Published on 18/11/2024

» Banpu, a SET-listed energy conglomerate, is not losing steam in its efforts to produce quality energy as well as care for the environment, despite challenges in a volatile market.

BUSINESS

Banpu sells B4.8bn of US gas assets as it adjusts focus

Business, Yuthana Praiwan, Published on 05/07/2024

» Energy conglomerate Banpu Plc has announced the divestment of non-operated assets in natural gas exploration and production worth 4.8 billion baht in the US, in a bid to optimise its energy portfolio in the country.

BUSINESS

PTTEP exits Brazil with new focus on Asia

Business, Yuthana Praiwan, Published on 17/01/2023

» PTT Exploration and Production Plc (PTTEP) has exited its petroleum exploration and production business in Brazil by dissolving its subsidiary Participations and Explorations Corporation (PEC), as the company aims to focus more on investments in Asia.

BUSINESS

BAFS sees soaring jet fuel sales amid aviation recovery

Business, Yuthana Praiwan, Published on 03/09/2022

» SET-listed Bangkok Aviation Fuel Services (BAFS) expects jet fuel sales to exceed 3 billion litres this year, enabling it to move back into the black thanks to the government's easing of air travel restrictions.