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One project being considered is upgrading oil quality to the Euro IV standard.

Chainoi attributed the lower margin to lower fuel consumption in line with economic conditions. Thai refiners must export 15-20 per cent of output, up from 10 per cent last year.

Tax rebates by June

The Revenue Department promises all individual taxpayers will receive their tax rebates by June.

Some 1.7 million taxpayers filed for rebates, but only 1.2 million of them have received theirs to date.

The department attributed the delay to more allowances, which increased annualised rebates 20 per cent. It also reported a revenue shortfall of Bt46 billion in the first half of fiscal 2009.

GMO complaint

The Agriculture Department yesterday insisted Thai rice-based products are free from genetically modified organisms following an EU complaint about contamination in Thai noodles exported by Thai President Food. The exports have been recalled.

The department said it inspected raw materials of the export lot and found no contamination, but it will closely monitor the situation.