Summary · why it matters
PTG Energy Public Company Limited, or PTG, expects its third-quarter 2026 operating results to be better than the first quarter of 2026, even though this is the low season for the oil retail business and overall national oil consumption is being pressured by high oil prices. Rangsan Puangprang, Senior Assistant Managing Director, said the company continues to focus on cost management to keep net profit stable. Pressure also comes from dry spells and drought driven by the El Nino phenomenon, which affects the agricultural, transport and commercial sectors. As for oil marketing margins, PTG views the current level as manageable for operators, after the government gained a better understanding of the cost structure. Earlier this year, rising global oil prices raised costs for more than 18,000 small service stations, leading to a supply chain shock. Most recently, Max Me Corp Company Limited, part of the PTG group, signed a three-year memorandum of cooperation with the Metropolitan Electricity Authority, or MEA, to link the benefits of members of both organisations. Electricity users can exchange MEA Points for Max Points to receive discounts on fuel, products, services or rewards within the PTG network, as well as discounts on electricity bills. A campaign will also give members who pay their MEA electricity bills through the Max Me application an extra 50 Max Points per bill, limited to three entitlements per member per month, from 17 September to 31 October 2026. PTG currently has a Max Card membership base of about 25 million, and aims to add about 1.5 to 2 million new members a year, while MEA has about 4.3 million members in Bangkok and its surrounding provinces. PTG also has a partnership with the Expressway Authority of Thailand, or EXAT, and plans to expand cooperation to the Provincial Electricity Authority, or PEA, in the future.
PTG Energy PCL