Oil refinery bosses on Monday broke a long silence to deny Kla Party leader Korn Chatikavajin’s accusation they are reaping fat benefits though the gross refinery margin while consumers suffer from high pump prices.
The Petroleum Refining Industry Club issued a statement rejecting Mr Korn’s claim that refineries were enjoying a rapid surge in the gross refinery margin that resulted in people paying high diesel and petrol prices and the Oil Fuel Fund plunging deeper into the red.
The margin is the difference between the total value of the refined products and the cost of the crude oil and other…
