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Oil hoarding probe targets 8 firms over pre-hike shortages

Oil hoarding probe targets 8 firms over pre-hike shortages

13 Sept 10:54 Key points summarised by AI
  • Police and the DSI have summoned eight companies for questioning over alleged oil hoarding and unusual practices detected between March 21 and 25.
  • The alleged hoarding occurred just before the Oil Fuel Fund Executive Committee raised fuel prices by six baht per litre on March 26, coinciding with nationwide shortages.
  • Investigators found significant irregularities, including major oil traders delivering less fuel than average and a 7.9 million-litre oil tanker deliberately delayed at sea.
  • Further evidence revealed 2.1 million litres of fuel diverted from service stations with trucks' GPS systems switched off during 15 trips, and 20 tanker trips unusually delayed.
  • Additional unauthorized activities include an oil trader selling bunker oil without permission and a jobber's depot illegally storing 40,000 litres of diesel.
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