Refinery stocks fall: TOP, BCP, IRPC drop after government orders 4 baht per litre cut in ex-refinery diesel price

RegulationPrice ActionCommodity
โดย สำนักข่าวอีไฟแนนซ์ไทย·TH·Read original
Summary · why it matters

Refinery stocks fell sharply, led by TOP, BCP and IRPC, after the Royal Gazette announced a 4 baht per litre cut in the ex-refinery price of diesel, effective from 16 September to 31 October 2026. Shares of Thai Oil Public Company Limited, or TOP, fell 6.44%, or 4.25 baht, to 61.75 baht, with trading value of 1.54 billion baht. Shares of Bangchak Corporation Public Company Limited, or BCP, fell 5.29%, or 3 baht, to 53.75 baht, with trading value of 1.412 billion baht. Shares of IRPC Public Company Limited, or IRPC, fell 8.78%, or 0.26 baht, to 2.70 baht, with trading value of 617 million baht. Phillip Securities noted that refinery stocks are likely to see only limited benefit from the rise in crude oil prices following the announcement of the ex-refinery diesel price cut.

Impact on stocks 3

Energy Transition & Power Demand · 2 stocks
Energy · 1 stocks

Off-coverage companies 1

Phillip Securities (Thailand) Public Company LimitedPrivate± Mixed
Capitalrelevance

Phillip Securities is cited only for its analyst note that refinery stocks will see limited benefit from rising crude prices.