Thailand’s PTT Oil and Retail (PTT) was the country’s largest lubricants supplier in May for a second month even as its market share shrank.PTT covered less than 32pc of Thailand’s lube demand in May, government data showed. The share was down from more than 35pc the previous month.The lower share mostly reflected its shrinking share of the country’s passenger-car engine oil (PCMO) sales.Thailand’s lube demand fell in May for the eighth time in nine months mostly because of weak consumption of heavy-duty engine oils and industrial oils.Demand for PCMO was the outlier, with consumption holding steady so far this year.The trend meant PTT’s higher share of industrial oils sales was insufficient to balance out its shrinking share of the PCMO market.Shell Company of Thailand was the country’s second-largest lube supplier, with its share rising to more than 29pc of the total.PSP Specialties was the third-largest supplier and Bangchak the fourth-largest. .Thailand’s May lube demand falls
Thailand’s PTT Oil and Retail (PTT) was the country’s largest lubricants supplier in May for a second month even as its market share shrank.PTT covered less than 32pc of Thailand’s lube demand in May, government data showed. The share was down from more than 35pc the previous month.The lower share mostly reflected its shrinking share of the country’s passenger-car engine oil (PCMO) sales.Thailand’s lube demand fell in May for the eighth time in nine months mostly because of weak consumption of heavy-duty engine oils and industrial oils.Demand for PCMO was the outlier, with consumption holding steady so far this year.The trend meant PTT’s higher share of industrial oils sales was insufficient to balance out its shrinking share of the PCMO market.Shell Company of Thailand was the country’s second-largest lube supplier, with its share rising to more than 29pc of the total.PSP Specialties was the third-largest supplier and Bangchak the fourth-largest. .Thailand’s May lube demand falls
