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Petrol stations likely to be hard hit by new hour restrictions.
Jul. 6--Nearly a quarter of the petrol stations in Thailand could be forced out of business this year under a proposed rule to restrict their operating hours to 10 pm.
Sompop Tanateerapong, chairman of the Oil Traders Association, said that up to 5,000 petrol stations, mostly privately owned, independent ones, could face shutdowns as a result of the new restriction.
Only the largest stations owned by top local and foreign oil companies will be able to survive, he noted.
The Energy Ministry next Tuesday will propose a number of new measures aimed at curbing fuel and electricity use, including forcing petrol stations not located on major thoroughfares to close two hours earlier, or at 10 pm.
Mr Sompop said smaller independent stations were already struggling, with marketing margins of ...
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