Oil refineries face state price cap
Refinery margin saw recent uptick
Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.
The Energy Ministry formed a working panel to study how to narrow what is known as the oil refinery margin, which normally averages two baht a litre but has risen to five baht a litre in recent months, said Energy Minister Supattanapong Punmeechaow.
The refinery margin is part…
