2022 Why World Oil Prices are Falling? And Thailand’s Not Decreasing?

“Oil” is still essential to life. Although there are alternative energy such as electric power that will replace soon. or various natural energy. But oil is still what we need. Even in Thailand, many oil fields have been found. But it’s not enough for use. So many people wonder why oil is so expensive when following the news of rising oil prices. P Whale would like to collect information about oil prices. Cause of high oil prices and falling world oil prices And the Thai stuff hasn’t decreased at all.

Why in Thailand is “Expensive oil(น้ำมันแพง)”?

Oil price by country The price structure is determined from the policies of the government. In Thailand, there is also a Thai oil price structure divided into

  • The cost of meat oil is about 37%.
  • Tax + various funds 51%
  • Other marketing expenses 12%

The composition of gas prices in front of gas stations in Thailand consists of 8 parts of cost.

Why oil prices keep falling — and throwing the world into turmoilVox

Retail price in front of the refinery + oil fund collection + excise tax + municipal tax + value added tax (VAT 7%) + energy conservation fund + marketing fee + VAT of marketing fee = retail oil price (price in front of the pump)

These reasons are another reason why oil is expensive. Because the price structure of Thai oil is not the same as other countries or other places, therefore, if there is a comparison with other countries, you must continue to look at the policies of that country.

Let’s conclude that when looking at the oil news and see that World oil prices (ราคาน้ำ) that have released the news that crude oil prices have been adjusted. As for people who understand that Thailand has imported oil, why is oil expensive or why the price of Thai oil has not decreased accordingly? That is because Thailand imported crude oil for a period of time before the world market price dropped. Those crude oils must

Through the refining process, many different transportations and come out as refined oil or gas prices in front of gas stations. The above process will take approximately a period of time. While oil news came out that crude oil prices fell. But the cost of refined oil did not decrease accordingly. As a result, the price of refined oil in Thailand cannot be reduced immediately like the price of crude oil in the world market itself.

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