SPRC Group gas stations expand investment, hoping government will listen to information on profit control

Caltex petrol stations, SPRC Group expand investment, join hands with Pure Thai to expand stations, aiming to increase investment to 800 locations in 5 years, hoping the government will listen to information before controlling profits. Mr. Shashank Nanavati, Senior Vice President, Commercial, Star Petroleum Refining PCL (SPRC), which has Star Fuels Marketing Co., Ltd. (SFL) as a subsidiary, which is the sole licensee to operate fuel business under the Caltex brand in Thailand, revealed that Caltex has a plan to continuously expand the number of petrol stations, targeting 800 stations in the next 5 years. With the quality of world-class petrol products, the petroleum sales will increase from the current 5.3% market share to 8%. It also focuses on expanding services in the non-oil sector, increasing the proportion to 30% from 15% of total revenue, as well as increasing EV charging stations from the current 60 stations. SFL, Caltex petrol stations currently around 450 nationwide, has recently partnered with P ure Thai to adjust to provide petrol stations under the 'Caltex' brand in 78 locations in Bangkok and other regions nationwide. The operation will start in September onwards and is expected to be completed by January 2025, resulting in the number of Caltex petrol stations increasing to 528, resulting in sales growth of Caltex fuel retail business in line with the target of 10% by the end of this year. 'Caltex's move to SPRC means that the company is now part of the same team as the refinery, enabling it to operate swiftly in all aspects. This reflects the success of our business strategy and commitment to offering high-quality fuel products, expanding our network, enhancing our marketing communications, and continuously running full-scale promotions, resulting in increased sales in our oil retail business,' said Mr. Shashank. As for the government's plan to adjust its energy regulatory plan, Mr. Shashank said that the company is ready to provide information to the government about its operating costs. Howev er, it asks that the private sector's operating plan be considered, which must have profits in order to operate in the long term. The company aims to continuously invest in Thailand. Ms. Somprasatna Jemsiriwat, Assistant Managing Director of Investment and Retail Business Development, SFL, said that the non-oil business has collaborated with various partners and business partners, such as convenience stores, restaurants, coffee shops, car maintenance and repair centers, etc., with a target to increase the number of stores to cover 85% of all Caltex petrol stations by 2025, from the current 80%. For Pure Thai, it was originally a service provider of Esso petrol stations. However, after Bangchak bought Esso, Pure Thai moved to distribute under the name Caltex.-511. Source: Thai News Agency