E10, E20 market share up to 48 percent in Thailand, state oil CEO says production should increase

August 7, 2008

In Thailand, the CEO of state oil company PTT said that the country can and should use its cassava and molasses resources to increase production of ethanol. In the face of rising oil prices, conventional diesel sales dropped 11 percent in July, from June, while conventional gasoline sales dropped 9 percent for 91 octane fuel and 23 percent for 95 octane. Sales of E20, conversely rose by 10 percent during the same period. E10 and E20 now account for 48 percent of all Thai gasoline sales.

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Written by Jim Lane · Filed Under International