PTT Oil and Retail Business Considers Cambodia Exit Amid Sales Slump
OR reports a 70% drop in Cambodian fuel sales and is evaluating whether to continue operations in the country while monitoring global oil price trends.
PTT Oil and Retail Business (OR) is currently evaluating its future in Cambodia following a significant 70% decline in fuel sales. According to Nisit Pongwutipraphan, Executive Vice President of Corporate Strategy, the company is weighing the option of divesting its Cambodian business against continuing operations. This decision comes as OR navigates a complex global energy landscape. For the fourth quarter of 2026, OR anticipates a seasonal recovery in fuel demand, driven by year-end travel, which is expected to extend into the first quarter of 2027. Looking ahead to 2027, the company remains cautious, noting that global oil prices and economic recovery will be the primary drivers of consumption. OR has outlined three potential scenarios for global oil prices, ranging from a decline to $70–$80 per barrel by February 2027 to sustained highs between $90 and $100 per barrel. These fluctuations pose ongoing risks for both consumers and operators in Thailand, where the Oil Fuel Fund remains in a significant deficit to subsidize retail prices. For residents and travelers, these developments highlight potential volatility in fuel costs and the possibility of shifts in regional service availability. Whether OR will officially withdraw from the Cambodian market remains to be confirmed as the company continues its strategic assessment.
