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Explainer: Moving to curb pump prices

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The Bangkok Post

Lowering the gross refining margin is a top priority for the government. How is the government addressing high petrol prices caused by the gross refining margin (GRM)? After a meeting between Prime Minister Prayut Chan-o-cha and his economic team on Thursday, the Energy Ministry made a three-point announcement regarding the government’s handling of the skyrocketing energy price situation. The meeting was called following a remark made by Korn Chatikavanij, a former finance minister and now leader of the Kla Party, that the GRM has surged 10-fold over the past two years. According to Mr Korn, o…

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