Fuel Trade Act, B.E. 2543

The Fuel Trade Act, B.E.2543 requires all refiners, importers, and retailers in private sector to have oil stockpiles. Private sector parties are not allowed to use their oil stocks at their discretion without governmental permission even if their oil stockpile levels exceed minimum requirement. Those volumes shall not be less than the rate prescribed by the Director-General, but not be in excess of 30% of the annual trade volume.

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