GULF Says No Impact from Stimulus Package, Also Benefiting from Crude Oil Price Drop
GULF Says No Impact from Stimulus Package, Also Benefiting from Crude Oil Price Drop
GULF Says No Impact from Stimulus Package, Also Benefiting from Crude Oil Price Drop
12 มี.ค. 2563

Gulf Energy Development Public Company Limited (GULF) has released a statement in reference to the resolution of the Cabinet meeting on March 10, 2020 re: economic stimulus measures related to electricity tariff by maintaining the Ft rate for May 2020 at the rate of -11.60 satang per unit and reducing electricity tariff by 3% for all users for 3 months (April – June 2020), GULF has clarified that the aforementioned measures will have insignificant impact on the GULF’s financial performance, approximately 50 million baht or 1.02% of net profit of 4,887 million baht in 2019.
GULF as well addressed that the natural gas price has a tendency to decline following the drop in crude oil price, resulting GULF to benefit from the reduction in fuel cost.