Energy Minister Wants to Cut Oil Refinery Margin

[webfact]

 

BANGKOK, June 10 (TNA) – The energy minister plans to apply laws and seek cooperation to decrease the oil refinery margin and thus local oil prices.

 

Energy Minister Supattanapong Punmeechaow said the government was considering a proposal that the presently high oil refinery margin should be reduced to lower the retail diesel price.

 

The Energy Ministry would ask oil refiners to cut the margin and would also use relevant laws to push for the reduction. The movements would become clear within this month and were expected to lower oil prices, said Mr Supattanapong who is also a deputy prime minister.

 

Full story: https://tna.mcot.net/english-news-957389

 

-- © Copyright Thai News Agency 2022-06-10

 

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[RafPinto]

Why not reduce import taxes on cars, wine etc?

[mahtin]

Extra-virgin olive oil is an unrefined oil and the highest-quality olive oil you can buy.

Diesel is definitely not on the menu.

 

Another DPM.

Edited June 10, 2022 by mahtin

[hotchilli]

19 hours ago, RafPinto said:

Why not reduce import taxes on cars, wine etc?

Competition is not allowed.