Friday July 3, 04:43 AM
Thai May fuel demand up 2.2 pct yr/yr - ministry
BANGKOK, July 3 (Reuters) - Thailand's demand for oil
products, excluding bitumen and liquefied petroleum gas, rose 2.2
percent in May to 583,908 barrels per day, after three months of
falls, according to a Reuters calculation based on official data.
The pick-up in demand came at a time of relatively low oil
prices and optimism in some quarters that the economy was over
its worst after falling into recession, analysts said.
Demand for 95-Octane gasoline dipped 42 percent in May from
the same month a year earlier as drivers favoured subsidised
gasohol, Energy Ministry data showed.
Consequently, sales of gasohol -- a mix of 91-Octane gasoline
and ethanol -- rose 53 percent from a year earlier, according to
the Department of Energy Business's website, www.doeb.go.th.
Demand for diesel was down 31 percent from a year earlier,
while fuel oil fell 26 percent and demand for jet fuel dropped 12
percent.
UNIT (NYSE: UNT - news) : MILLION LITRES
MONTH RON91 RON95 GASOHOL JPI HSDIESEL FUELOIL TOTAL
MAY09 248.6 16.4 387.0 338.6 844.5 215.0 2,877.9
MAY08 298.0 28.1 252.7 386.3 1,227.3 289.5 2,815.7
%CHG -16.6 -41.6 53.1 -12.3 -31.2 -25.7 2.2
(1 barrel=158.99 litres)
($1=34.09 Baht)
(Reporting by Ploy Chitsomboon; Editing by Alan Raybould)
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