Vehicles refuel at a PTT petrol station on Nawamin Road as retail oil prices have been soaring the past few weeks. The refinery margin is part of the retail oil price that drivers pay at petrol stations, and is essentially a cost added to the crude oil price during the refining process. This marks the first time the ministry has considered an intervention since global oil prices started soaring late last year. The government has capped the diesel price since October last year by spending money from the Oil Fuel Fund and reducing the diesel excise tax to support its price subsidy programme. This caused authorities to carefully manage the diesel price subsidy programme.

Source: Bangkok Post June 10, 2022 02:21 UTC