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Saturday, May 4, 2024

Oil firms should not make excessive profit from consumers : Energy minister

Oil companies in Thailand should not take too much profit from consumers, to avoid inducing suffering, said Energy Minister Pirapan Salirathavibhaga today (Wednesday).

The minister went to Customs Department to meet its director general of Patchara Anuntasilpa, reportedly to search for information about the cost of imported crude oil and finished oil products, in his attempt to find ways to restructure oil pricing, to ensure fairness for consumers and to prevent oil companies from making excessive profits from them.

Noting that energy, be it electricity or fuel oil, are necessities and account for a major part of production costs, he said that it is the responsibility of the Energy Ministry to find ways to make it possible for the consumers, be it businesses or individuals, to purchase fuel oil at fair prices.

In doing so, he explained that it is, however, necessary that the…

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