PTT has controls big stakes in five SET-listed companies: PTT Exploration and Production (PTTEP), PTT Global Chemical (PTTGC), Thaioil (TOP), IRPC and Global Power Synergy (GPSC). "Malaysia gains massive revenue from its oil exports, so it can subsidise its domestic retail prices," Mr Tevin said. "So the Thai government and the oil and gas company cannot control rising or declining global oil prices, as it is a market mechanism." "The US shale oil is reflected in the global oil prices now, so PTT is confident that the global oil price will become stable," Mr Auttapol said. "In 2018, global oil prices should be $65-70 per barrel, so domestic retail prices should not be higher than 30 baht per litre for diesel," he said.

Source: Bangkok Post May 29, 2018 22:30 UTC