Briefs

The Energy Business Department has forecast that the scrapping of sales of 91-octane petrol will cause daily demand for 95-octane to jump from 100,000 litres to 2 million litres next year.

However, market fees will drop by Bt1-Bt2 per litre and demand for all petrol products (including gasohol) will increase by 2-3 per cent, department director-general Viraphol Jirapraditkul said yesterday. Demand for diesel will grow by 5-6 per cent and for natural gas for vehicles by 15 per cent, while consumption of liquefied petroleum gas will decline, he said.

The department chief added that the government’s policy to maintain the diesel-fuel price would enhance consumption after the first quarter.  – Vatchara Pussayanavin, The Nation

Siam Fibre-Cement eyes 5% sales growth

Siam Fibre-Cement Co Ltd, part of the SCG Building Materials Group, targets revenue growth of 5 per cent this year over last year on growth in demand for artificial wood products, said the company’s managing director, Phaskorn Buranawit.

The company recorded revenue of Bt8.4 billion in 2011, with its SmartWood brand of artificial wood accounting for 40 per cent, 30 per cent coming from cement board products, and the remainder coming from sales of roof tiles. – The Nation

Ocean plans Khon Kaen residential project

Ocean Property Co plans to launch a mixed-used residential project worth Bt5 billion in the vicinity of Khon Kaen University next year.

The project will comprise an eight-storey condominium and apartment building, to be launched in the first quarter of 2013 at prices between Bt900,000 and Bt2.5 million per unit. – The Nation