THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46612

Wholesale of liquid fuels

ประกอบกิจการค้าน้ำมันเชื้อเพลิง ถ่านหิน ผลิตภัณฑ์อย่างอื่นที่ก่อให้เกิดพลังงาน และสถานีบริการน้ำมันเชื้อเพลิง

What this activity covers

Companies engage in the wholesale trade of various liquid fuels and related products.

  • Wholesale of naphtha
  • Wholesale of crude oil
  • Wholesale of diesel oil
  • Wholesale of gasoline
  • Wholesale of fuel oil
  • Wholesale of kerosene

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Fuel distribution — Operations related to distributing fuel products
  • Import and export — Trading liquid fuels and petroleum products internationally
  • Trade lubricants — Buying and selling lubricants alongside fuels
  • Trade alternative fuels — Engaging in the trade of alternative fuel sources

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

1,399
active companies operate here
฿138.6Bregistered capital, combined
฿861.9B
Sector revenue · 2025
-11% since 2023
฿11.4B
Net profit · 2025
605 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
11%of new registered capital is foreign-held
฿11.0M foreign฿93.7M Thai

Foreigners are actively investing in this activity.

New in 2026

40+21.2%

registrations, YTD

Registered capital

฿138.6B-0.2%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1PTT Oil and Retail Business Public Company Limited฿616.2B
  2. 2WP Energy Public Company Limited฿17.3B
  3. 3P.S.P. SPECIALTIES PUBLIC CO., LTD.฿12.1B
  4. 4BBGI Public Company Limited฿9.5B
  5. 5IRPC Oil Co., Ltd.฿8.2B

Largest by registered capital

  1. 1PTT Oil and Retail Business Public Company LimitedBangkok฿120.0B
  2. 2BBGI Public Company LimitedBangkok฿3.6B
  3. 3IRPC Oil Co., Ltd.Bangkok฿2.0B

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

347
Registered
since 2022
316
Still active
31
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 99 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand