Fairness key during crisisSurging oil prices driven by war in the Middle East are forcing our new government to act more to rein in oil prices and pacify public anger directed at oil refineries. The problem is the debate on "windfall tax" and oil prices has been overblown by the narrative of "burden-sharing". In this narrative, refineries are perceived as fat-cats that must share the same economic ordeals as consumers. But this narrative rarely clarifies or gives answers on how the whole complex energy price system should be governed. Any credible oil price reform must be anchored in clear rules, robust data and fairness.

Source: Bangkok Post April 05, 2026 23:39 UTC