Thai PM accuses oil traders of causing fuel shortages
Thailand’s prime minister, Anutin Charnvirakul, has criticized oil traders for allegedly stockpiling and smuggling fuel, which he says has led to nationwide shortages and soaring prices. He claims these actions have cost the government billions and blames excessive profiteering for the crisis. Anutin Charnvirakul also highlighted evidence of delayed and diverted shipments, as well as missing fuel during transportation. The situation has sparked public outrage over rising fuel prices.
What we know
- Anutin Charnvirakul accused oil traders of hoarding and smuggling fuel, leading to shortages and higher prices.
- Authorities found cases of stockpiling and smuggling, costing the government 50 billion baht ($1.4 billion).
- Over 57 million litres of fuel were reported missing during sea transportation in southern Thailand, according to Minister of Justice Rutthaphon Naowarat.
- The Department of Special Investigation is treating the issue as a special case and ongoing investigations are underway.
- The fuel shortage and price hikes have caused public outcry, with unleaded gasoline reaching 57.51 baht ($1.76) per litre and diesel at 47.74 baht ($1.46).
