Phiphat denies hike roleTransport Minister Phiphat RatchakitprakarnThe transport minister has rejected claims he profited from the fuel crisis through his 2 million shares in an energy firm. Transport Minister Phiphat Ratchakitprakarn has denied allegations of a conflict of interest following the sharp six-baht increase in fuel prices, insisting he has no influence over energy policy or national oil procurement. Asset disclosures show Mr Phiphat holds 2 million PTG Energy Plc shares worth 17.6 million baht. Mr Phiphat said he has no executive or board role at PTG, adding the firm is governed independently. Addressing criticism that PTG profited from the disruption, he urged observers to wait for quarterly and annual results to determine whether earnings rose unusually.

Source: Bangkok Post March 28, 2026 07:42 UTC