Akanat to cap refinery margins at 3-4 baht per litrePrice hike anger: The Thai Labour Solidarity Confederation and labour unions demonstrate against soaring energy prices, calling for fairer costs and stronger protection for workers, at the Energy Ministry in Bangkok on Thursday. (Photo: Pattarapong Chatpattarasill)Energy Minister Akanat Promphan said he plans to cap refinery margins at 3-4 baht per litre in a bid to curb rising fuel costs without relying on subsidies. Mr Akanat said current ex-refinery prices are fully based on the Singapore market and have led to excessive volatility in domestic fuel prices. "A cap is being considered for refining margins at 3-4 baht per litre, which can push down station prices without relying on the Fuel Oil Fund. He said such measures could help keep electricity prices at 3.88 baht per unit, but noted they are short-term steps.

Source: Bangkok Post April 02, 2026 22:42 UTC