The end of fuel subsidies has cut sales of gasoline and diesel

Thai oil product exports, excluding bitumen and liquefied petroleum gas, fell by 12.6 per cent in November from a year earlier to 92,836 barrels per day (bpd), a Reuters calculation based on Energy Ministry data showed.

Jet fuel led the fall with a 77.3 per cent plunge to 3.9 million litres, followed by fuel oil's 42.9 per cent dive to 83.7 million litres and diesel's 10.2 percent fall to 179.8 million litres, the calculation showed.
November shipments of 91 octane gasoline rose by 26.6 per cent to 50.5 million litres and exports of 95 octane rose 35.4 per cent to 125.0 million litres, according to calculations based on the ministry's data.
The export fall in November was expected due to a 30-day maintenance shutdown from October 20 by the 145,000 bpd Rayong Refinery, which also caused a 26.2 per cent fall of oil product exports in October, refiners said.
They said exports should start growing again as domestic demand shrinks and profit margins are better overseas for specific products.
The end of fuel subsidies in July continued to cut sales of gasoline and diesel, but demand for jet fuel rose slightly, according to data.
Demand for 95-octane gasoline in November plunged 34.0 per cent from a year earlier, versus a 38.6 per cent fall in October, as the government pushed ethanol-mixed gasoline at a cheaper price, said officials.

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