Pressure Mounts on Thai Government Over Oil Stockpiling Claims

Pressure Mounts on Thai Government Over Oil Stockpiling Claims

BANGKOK, April 11, 2026 — Thailand’s prime minister Anutin Charnvirakul is facing mounting calls to investigate alleged illegal oil hoarding and possible political links, after the issue was raised in parliament during a policy debate.

Opposition lawmaker Rangsiman Rome urged Anutin to examine claims that a trader in Ang Thong province stockpiled large quantities of fuel to sell at inflated prices, and questioned whether Transport Minister Pipat Ratchakitprakarn had any prior knowledge or involvement.

The trader, known as “Sia Tue,” is accused of hoarding around 330,000 litres of oil at a depot, with allegations that the operation may have been linked to political connections. Rangsiman also cited claims that the trader’s company owed more than 100 million baht to Pipat and had previously donated funds to the ruling Bhumjaithai Party.

Pipat has denied any involvement in illegal activities and rejected accusations that he influenced oil pricing decisions, particularly ahead of rising global tensions linked to the Middle East. He previously chaired a government committee addressing fuel price management.

Separately, another lawmaker alleged that oil depots and refineries may have collectively hoarded more than 700 million litres of fuel, raising concerns about broader practices within Thailand’s energy sector.

No formal investigation has yet been announced, and no direct evidence has been presented linking the minister to the alleged activities.

The controversy comes as Thailand faces heightened scrutiny over fuel pricing and supply management, with analysts warning that unresolved allegations could undermine public confidence and intensify political pressure on the government.

Authorities are expected to face growing demands for transparency as parliament continues its review of economic and energy policies.