The Oil Price Appropriateness Committee (คตร.) has resolved that refineries must return their excess profits to the state and has assigned the Ministry of Energy to recalculate the true costs for presentation to the Cabinet on 6 April.
At 9:00 p.m. on 2 April 2026, at the Ministry of Finance, after nearly five hours of discussions with refinery representatives and the Oil Price Appropriateness Committee (คตร.), chaired by Deputy Prime Minister and Minister of Finance Mr. Akniti Nitithanprapas,
Mr. Akniti stated that today’s meeting invited refinery representatives to discuss and reach a preliminary conclusion that the ongoing Middle East war crisis has caused global oil prices to rise. There is a so-called "wall premium," meaning that during times of oil scarcity caused by conflict, everyone adds this premium, significantly raising prices. Similarly, crude oil costs also include the wall premium, resulting in very high costs, which were compared against normal conditions.
In today’s discussion, the Ministry of Energy was instructed to recalculate the true costs for presentation to the Cabinet on 6 April, including returning the refineries’ excess profits. The authority to enforce this directive will follow the Cabinet resolution dated 21 June 2022.