THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46614

Wholesale of refined petroleum products

ประกอบกิจการขายส่งและขายปลีกน้ำมันเครื่อง ยานยนต์ ยานพาหนะ และเครื่องยนต์ต่างๆ ทางออนไลน์ และออฟไลน์ ทั้งนี้มิใช่ธุรกิจขายตรงหรือตลาดแบบตรง

What this activity covers

Companies engage in the wholesale trade of refined petroleum products, including lubricants and asphalt.

  • Lubricants — Wholesale of lubricants and oils
  • Asphalt — Wholesale of asphalt and related products
  • Engine Oil — Wholesale of engine oils
  • Petroleum Products — Wholesale of various petroleum products
  • Chemical Products — Wholesale of chemical products related to petroleum

What companies here also do

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

  • Distribution — Transport and distribute petroleum products
  • Import/Export — Import and export of lubricants and petroleum products

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.

859
active companies operate here
฿12.1Bregistered capital, combined
฿108.7B
Sector revenue · 2025
+24% since 2023
฿2.7B
Net profit · 2025
408 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
13%of new registered capital is foreign-held
฿8.0M foreign฿52.2M Thai

Foreigners are actively investing in this activity.

2 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

30-11.8%

registrations, YTD

Registered capital

฿12.1B+24.9%

since year-end

Largest by registered capital

  1. 1Mega Petroleum Cooperation Co., Ltd.Nonthaburi฿2.0B
  2. 2PTG Energy Public Company LimitedBangkok฿1.7B
  3. 3Siam LNG Co., Ltd.Bangkok฿1.0B

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.

234
Registered
since 2022
219
Still active
15
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 63 in 20232026

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