Oil hoarding suspected in 4 provinces - News Summed Up

Oil hoarding suspected in 4 provinces


Somchai PoomlardSuspected oil hoarding has been uncovered in four provinces, prompting a multi-agency crackdown and a push to classify the cases as special investigations. He said the operation targeted the entire supply chain, from refineries to end users, following signs of irregular transport and stockpiling during a period of high oil prices. The findings are set to be submitted to the special cases board on Thursday for consideration as special cases, he said. The first involved oil tankers collecting fuel from depots but failing to deliver it to petrol stations. "We must examine whether operators deliberately withheld fuel when prices were low and released it when prices increased," he said.


Source: Bangkok Post April 08, 2026 23:56 UTC



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