Retail prices of E85 fuel would be 15 to 20 baht a litre lower than for premium gasoline in order to encourage motorists to shift from petrol vehicles to flexible-fuel vehicles (FFV), according to Prasert Bunsumpun, the president and CEO of PTT Plc.

PTT agreed to the same rate with its sister company, Bangchak Petroleum Plc. The retail price of premium gasoline currently stands at 40.09 baht a litre.

Mr Prasert said that both of the majority state-owned oil companies would have a total of 50 stations selling E85 when FFVs are ready for Thai roads by the end of this year. ... Read full article