OR Reassesses Cambodia Business After 72.8% Q1 Fuel Sales Collapse
Updated
Updated · Nation Thailand · Jul 20
OR Reassesses Cambodia Business After 72.8% Q1 Fuel Sales Collapse
1 articles · Updated · Nation Thailand · Jul 20
Summary
OR is weighing cost cuts, restructuring or a full exit from Cambodia after first-quarter fuel sales there fell 72.8% year on year to 46 million litres from 169 million.
The review follows disruption from Thai-Cambodian border clashes last July, which pushed quarterly sales down to 54 million litres in late 2025 from more than 150 million before the conflict.
A three-stage plan starts with a full investment assessment, then operational cuts if recovery looks viable, and finally a systematic withdrawal to limit longer-term losses if conditions worsen.
Cambodia contributes only 2-3% of OR revenue, but the market has strategic weight as OR shifts its five-year overseas strategy from expanding country count to prioritizing investment quality.
OR’s global business generated 13.91 billion baht in Q1 revenue, while group net profit fell 44.9% to 2.42 billion baht even as stronger wholesale diesel sales in the Philippines lifted overseas volume.