Wider price gap normalises gasohol demand
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Gasohol demand is back to normal following the government's actions to widen the price gap of ethanol-mixed products and premium petrol products, said Bangchak Petroleum President Anusorn Sangnimnuan.
Gasohol 91 is now priced about Bt3 per litre cheaper than octane-91 petrol. Oil retailers cried foul when the Energy Ministry suspend Oil Fund levy on premium petrol products, as that brought down their prices nearly to the gasohol price levels.
Anusorn recalled that in the first two days after the policy implementation, gasohol products sale at Bangchak's fuel stations nationwide dropped 30 per cent. He said that the sale volume now returned to normal, except for E85 of which sale volume remains 2-3 per cent below normal level.
Encouraged by the wider price gap, Anusorn said that Bangchak may follow its plan to expand the number of E20-selling fuel stations from 500 to 700 in 2012 and the number of E85-selling stations from 30 to 50.
