To further enhance business efficiency and opportunity in responding the market growth domestically and internationally , a liist of businesses that will be transferred under PTT Oil and Retail Business Company Limited are as follow;
1. Oil Unit includes retail marketing through PTT service stations nationwide and oversea, commercial marketing of fuel, LPG, and other related petroleum products e.g. aviation fuel, LPG for household and retail, both domestic and international lubricant products as well as business infrastructure management e.g. petroleum logistics and supply.
2. Other retail businesses and automobile maintenance services comprise of retail management, products and services under PTT and other brands e.g. Cafe Amazon, Fit Auto, and also new businesses such as restaurant, beverage, franchise, and hotel.
Mr. Tevin stated that the objectives of this reorganization are to increase business efficiency and enhance the competitiveness in oil unit; particularly to drive its retail business towards international arena that will help boosting future national income. This in turn will enable PTT to focus on Thailand's energy security strategy.
The present realignment has been carried out by taking into account benefits, interests, and concerns of all stakeholders including community, society, customers, dealers, and employees. Ultimately, PTT still maintains its commitment in ensuring the national energy security. For oil retail business such as price mechanism, it is still in place and carried on as usual under monitoring by Ministry of Energy and in accordance with the global price trend.
Moreover, PTT retail business policy also focuses on promoting Thailand economic growth via the development of retail sectors both SME and OTOP as well as Pracharach project. Products of SME and local entrepreneur can be accentuated through brand value of PTT products such as coffee beans in Cafe Amazon.
Mr. Tevin indicated further that PTT Board of Directors agreed to appoint PTTOR as PTT Group flagship company for oil and retail business with a plan to offer stock to the public after registered in the stock exchange of Thailand.
"Please kindly be informed that PTT Board of Directors' approval on reorganization at present is in the beginning of the implementation process. It is subjected to the approvals by related agencies e.g. Ministry of Energy, State Enterprise Policy Office (SEPO), the cabinet of Thailand, and PTT shareholder meeting for all concern regulation. PTT ensures that this rearrangement will boost national energy security and economic development as well as strengthening PTT Group business growth and community towards sustainability."