Bangkok, April 22 -- The Thai government is preparing a second refinery-margin cut after margins spiked to an abnormal level, in a fresh push to bring down domestic fuel prices, according to Energy Minister Akanat Promphan.

Authorities are reviewing the cost structure, taking into account new factors such as war-risk insurance, transportation and coverage costs amid an increasingly complex geopolitical environment, Akanat said.

The latest move follows a price adjustment last month that cut fuel costs by about 2.14 THB (0.067 USD) per litre, Thailand plans to further reduce prices by more than 2 THB per litre later this week. However, the cuts will be implemented gradually due to financial pressure on the Thai Oil Fuel Fund, which has ac...