Energy panel to meet refiners on ‘abnormal’ margins

15 Sept 07:38 Key points summarised by AI

Energy panel convenes urgent meeting with oil refiners to discuss "abnormal" Gross Refining Margins (GRM) and the problematic use of Singapore oil prices as a benchmark.
Minister Akanat Promphan highlighted GRM's surge from 2-3 baht/litre to 16-17 baht/litre, noting refined product prices soared astronomically compared to crude oil, burdening taxpayers.
The minister urged refiners to assist rather than exploit the crisis, with the committee tasked to establish an appropriate ceiling for the "abnormal" GRM.
Former senator Rosana Tositrakul opposed a 150 billion baht loan, proposing comprehensive reforms including removing non-existent premium costs from the Singapore reference and capping GRM at 2 baht/litre to prevent windfall profits.

Application for ‘Nene Royal’ trademark withdrawn

Yesterday 18:24 Key points summarised by AI

A third-party application for "NENE" and "NENE ROYAL" trademarks was officially withdrawn, resolving a high-profile dispute over the Thai pop artist's name.
Black Lotus Global LLC, managing Nene Royal's rights, has legitimate trademark applications for various categories under fast-track processing, with final approval anticipated by February 2027.
The Department of Intellectual Property (DIP) monitors international trademark filings to protect Thai creators and advises early registration to prevent unauthorized third-party claims, noting a "NENE" trademark already registered in South Korea.