PTG to add 150 filling stations with Bt4.5bn budget this year
PTG Energy has unveiled an investment budget of around Bt4.5 billion this year, of which Bt3.6 billion-Bt3.7 billion will be spent to roll out new petrol and liquified petroleum gas (LPG) stations, said executive vice president Rangsun Puangprang.
Of the remainder, around Bt500 million will be used to expand PTG’s non-oil business and around Bt500 million for a new business venture, he said.
This year the company plans to roll out 150 new filling stations – 50 for petrol, 50 for petrol-LPG, and 50 for LPG alone. The expansion will focus on Bangkok and Greater Bangkok.
Last year, PTG operated a total of 2,094 filling stations, 1,888 for petrol and 206 for LPG. Most are in the North and Northeast.
Rangsun said the company was being more cautious in its investment decisions after the fresh Covid-19 outbreak. He added that the outbreak will not have a significant impact on PTG’s business provided it is controlled within this month.
The company is targeting an 8-10 per cent growth in fuel sales this year, in line with rollout of new stations.