The core businesses of the Company and subsidiaries are retailing and wholesaling of fuel. The Company purchases most of the fuel directly from Thai Oil Public Company Limited ("Thai Oil" or "TOP") and transport them from TOP refineries to customers by its own tanker truck fleet. In general, the Company sold the fuel both directly and indirectly to automobile users and users of other types (e.g. farmers using fuel for agricultural machines, etc.) via PT petrol stations. PT petrol stations can be categorized into 2 types as follows:
At present, most PT petrol stations in service are of the Company-Owned-Company-Operated type ("COCO petrol stations"). PTC, a subsidiary, owns or holds leasehold rights of these COCO petrol stations, and sells fuel directly to automobile users and other users.
PT petrol stations of the other type are owned and operated by dealers who are permitted by the Company to use PT trademark (Dealer-Owned-Dealer Operated or "DODO petrol stations"). Operators of DODO petrol stations ("the Company's dealers") own or hold leasehold rights of the stations as well as manage them, while the Company and subsidiaries as fuel traders under Section 10 sell fuel to the Company's dealers in their respective responsible areas. In this regard, the Company will give its dealers support and advice on various aspects, such as station layout design, investment, and management schemes, along with providing them with materials and accessories such as paints for decoration, tall poles for PT logo and price displays, Thai Oil trademark flags showing fuel quality assurance by Thai Oil, other displays, and etc., in order to ensure that all DODO petrol stations are of the same pattern and quality as COCO petrol stations.
In addition, the Company and subsidiaries as fuel traders under Section 10 sell fuel to independent petrol station operators who are not dealers of large fuel traders and also to other fuel wholesalers that act as middlemen (also known as "Jobbers" in fuel distribution business). The Company and subsidiaries as fuel traders under Section 10 also sell fuel directly to industrial operators that need fuel in business operations.
PTG Energy Public Company Limited
The Company has registered as a fuel trader under Section 7 of the Fuel Trade Act of 2000, operating the business of fuel wholesaling to customers in its responsible areas which are 1) the Company's dealers, 2) other petrol traders and 3) industrial operators that need fuel in business operations. The Company has also registered as a fuel logistics operator under Section 12 of the Fuel Trade Act of 2000 and provides service for its subsidiaries and customers in fuel wholesaling sector. Moreover, the Company provides fuel storage services to other fuel traders.
Petroleum Thai Corporation Co., Ltd.
Petroleum Thai Corporation ("PTC"), a subsidiary in which the Company holds a 99.99% stake, has registered as a fuel trader under Section 11 of the Fuel Trade Act of 2000, operating the business of fuel retailing through PT COCO petrol stations. In addition, PTC operates minimart business under the name PT Mart ("PT Mart convenience store") at PT petrol stations. It is presently redesigning the image and service model of its minimart, where the new stores as well as PT Mart stores with high service potential will be modernized into stores of new model and standards under the name Max Mart. Furthermore, PTC sells lubricating oils under the trademark Castrol at PT COCO petrol stations and rents out spaces at COCO petrol stations to retail business operators.
Subsidiaries as Fuel Traders under Section 10
As of December 31, 2014, the Company has a total of 8 subsidiaries registered as fuel traders under Section 10 of the Fuel Trade Act of 2000 ("subsidiaries as fuel traders under Section 10"), namely:
| Pyramid Oil Co., Ltd. ("PMO") | 99.98% of shares held by the Company |
| Alpine Oil Co., Ltd. ("APO") | 99.97% of shares held by the Company |
| Empire Oil Co., Ltd. ("EPO") | 99.98% of shares held by the Company |
| Everest Oil Co., Ltd. ("EVO") | 99.98% of shares held by the Company |
| Andes Oil Co., Ltd. ("AND") | 99.97% of shares held by the Company |
| Atlas Oil Co., Ltd. ("ATL") | 99.97% of shares held by the Company |
| Olympus Oil Co., Ltd. ("OLP") | 99.97% of shares held by the Company |
| Pyrenees Oil Co., Ltd. ("PRN") | 99.97% of shares held by the Company |
All subsidiaries as fuel traders under Section 10 operate the business of fuel wholesaling to customers in their respective responsible areas which are 1) the Company's dealers, 2) other petrol traders and 3) industrial operators that need fuel in business operations. In this regard, the Company directs that fuel sales of each tank farm be handled by 1 or 2 subsidiaries,
Punthai Coffee Co., Ltd.
Punthai Coffee Co., Ltd. ("Punthai Coffee"), a subsidiary in which the Company holds 99.99% stake, operates coffee shops at PT petrol stations under the name "Punthai Coffee" ("Punthai Coffee shops").
PTG Logistics Co., Ltd.
PTG Logistics Co., Ltd. . ("PTG Logistics"), a subsidiary in which the Company holds 99.97% stake, carries on the business of the transportation and shipment of fuel, gas, petroleum products and all kinds of goods, including the transportation of passengers via onshore transportation, maritime transportation, air freight, both domestically and internationally.