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Bangkok Post
Bangkok Post
Business

Oil refiners deny Korn's claim of profiteering during hardship

Bangchak refinery in Phra Khanong district of Bangkok, seen from the other side of the Chao Phraya River. (Bangkok Post file photo)

Oil refinery bosses on Monday broke a long silence to deny Kla Party leader Korn Chatikavajin's accusation they are reaping fat benefits though the gross refinery margin while consumers suffer from high pump prices.

The Petroleum Refining Industry Club issued a statement rejecting Mr Korn's claim that refineries were enjoying a rapid surge in the gross refinery margin that resulted in people paying high diesel and petrol prices and the Oil Fuel Fund plunging deeper into the red.

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