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Thailand Stations Claim Contract Ruling Backs Case against Big Oil Suppliers.
Byline: Soonruth Bunyamanee
Apr. 3--Oil retailers are being encouraged to battle major oil suppliers on legal grounds after the Central Intellectual Property and International Trade Court ruled in favour of one their colleagues.
Caltex (Thai) Co, which plans to appeal against the ruling, had sued Star Vertex Co, the operator of a pump station at Don Muang, and Virat Tantisuwanna, the station's owner, for failing to settle debts as contractually required.
Caltex terminated the contract and seized a 500,000-baht deposit paid by the petrol station. As the amount was lower than the debt, Caltex sought a court order for the defendant to vacate and ...
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- Newspaper article from: Knight Ridder/Tribune Business News September 23, 2002 700+ words
...23--Profits made by big oil retailers in Thailand in the first...profit margins received by oil companies and their service station...because of the price war, many oil companies had not been able to raise...had put more pressure on oil companies, with every one baht ...
- Oil retailers slash jet fuel prices by over 16 pc.
- News wire article from: PTI - The Press Trust of India Ltd. August 31, 2008 700+ words
Oil retailers slash jet fuel prices by over 16 pc New Delhi, Aug 31 (PTI...cent, or Rs 10,839.16 per kl. But they did not cut fares when oil companies on June 5 cut fuel prices by over Rs 3,000 per kl. In subsequent...
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- News wire article from: PTI - The Press Trust of India Ltd. August 4, 2008 700+ words
State-run oil retailers lose Rs 600 cr per day on sales New Delhi, Aug 4 (PTI) -- Indian...their capital funds, they said. The situation has arisen as the oil companies have not got oil bonds for past quarters. Government makes up...
- Borrowings of oil retailers rise 60 pc in FY'09.
- News wire article from: PTI - The Press Trust of India Ltd. February 18, 2009 700+ words
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- Newspaper article from: Knight Ridder/Tribune Business News December 11, 2004 700+ words
...KOLKATA, India -- What started as a trickle, has now gained a steady flow. The face of oil retailing is changing, with oil companies commissioning more outlets on highways than in urban areas. The growth in highway infrastructure, courtesy the Golden Quadrilateral...
- Thai Gas Retailers Allege Unfair Pressure by Oil Companies.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) March 22, 2002 700+ words
...owners have accused some major oil companies of trying to discourage them...Thanateerapong, the president of the Oil Retailers' Association. He said that...Retailers believed big oil companies wanted to recover debts by...independent suppliers. "Oil companies say that ...
- Oil retailers losing Rs 100 cr per day.
- News wire article from: PTI - The Press Trust of India Ltd. March 1, 2007 700+ words
Oil retailers losing Rs 100 cr per day New Delhi, Mar 1 (PTI) State-run oil retailers are losing about Rs 100 crore a day on petrol...issued oil bonds worth Rs 19,150 crore to oil retailers IOC, Bharat Petroleum and Hindustan Petroleum...
- Dubai Oil Retailers Lower Diesel Price.
- Newspaper article from: APS Review Gas Market Trends November 17, 2008 700+ words
Dubai's oil retailers - Emirates National Oil Co. (ENOC), Emirates Petroleum Products...at Dh19.25/gallon, an all-time high on July 28. The three oil retailers buy diesel at international prices and then adjust the local prices...
