The Committee on Fuel Cost Appropriateness (CFCA) has resolved that oil refiners must return excess profits to the government and has assigned the Energy Ministry to recalculate the true costs again 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 oil refiners and the CFCA, the meeting was chaired by Deputy Prime Minister and Minister of Finance Akiniti Nitithanprapas.
Spending almost five hours, Akiniti said that today's meeting invited refiners to discuss and reached a preliminary conclusion that the current Middle East war crisis has driven up global oil prices. A "war premium" is applied during such times of oil scarcity, causing prices to rise significantly. Similarly, crude oil costs include a war premium, resulting in very high costs compared to normal conditions.
Today's discussion instructed the Energy Ministry to recalculate the actual costs again for submission to the Cabinet on 6 April, including the return of excess profits from refiners. The authority for this directive is based on the Cabinet resolution from 21 June 2022.