Thai gas station chain PTG focuses on cafes amid EV shift

Company looks to boost earnings from non-gas businesses to 50%

20240528N Punthai Coffee

PTG operated about 1,000 PunThai Coffee stores in Thailand as of April, many of which are attached to gas stations. (BUILD)

KOSUKE INOUE, Nikkei staff writer

BANGKOK -- Major Thai gas station operator PTG Energy is retooling operations with the anticipated spread of electric vehicles, increasing coffee shops under its umbrella fivefold over the next three years and boosting the ratio of non-oil businesses in gross profit to 50%.

PTG operates PunThai Coffee, known for its brown elephant logo and allowing customers to choose the level of bean roast when ordering coffee. "I never get tired of it because I change the taste depending on my mood," said a 29-year-old office worker from Bangkok who stops by every morning.

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