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Saturday, May 4, 2024

Govt eyes slice of refineries’ pie

Govt eyes slice of refineries’ pie

Money would help prop up Oil Fund

Thai oil refineries are targeted by the government as it plans to use their profit from margins to help support the Oil Fuel Fund. (Bangkok Post file photo)

The government will consider using profits from oil refinery margins to help support the Oil Fuel Fund as it continues to subsidise fuel prices despite having slipped 85 billion baht into the red.

Energy Minister Supattanapong Punmeechaow said on Monday that consideration is being given to scalping some of the profits made by Thai oil refineries and natural gas separation plants to support the fund so it can be managed in a way that will benefit economy as a…

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