Under normal circumstances, governments can use the Oil Fuel Fund and tax adjustments to cushion price spikes. In times of geopolitical panic, the gap between crude prices and refined-product prices often widens sharply. Mr Korn's proposal is to collect 3 baht per litre from refiners and direct the proceeds into the Oil Fuel Fund. Mr Atavit and Mr Korn broadly agree the Oil Fuel Fund cannot be the sole line of defence. Saree: Focusing on public trustTransparency and reformSaree Aongsomwang, secretary-general of the Thailand Consumers Council (TCC), brought another critical issue into focus: public trust.

Source: Bangkok Post March 21, 2026 22:51 UTC