Bangkok: The Prime Minister joined a press conference at the Oil Situation Center, revealing fraudulent practices by oil traders. The Prime Minister announced the discovery of a smuggling ring involved in hoarding, price gouging, and illegal oil exports. He revealed that smugglers were operating ships at sea, anticipating price hikes before releasing oil into the system, and refusing to supply gas stations from depots. The government has assigned the DSI (Department of Special Investigation) to the case as a special investigation, ordering strict action against those involved. He also assured the public that there will be no oil shortages during the Songkran holiday travel period.
According to Thai News Agency, Prime Minister and Minister of Interior Anutin Charnvirakul announced at a press conference that the Center for Monitoring and Surveillance of the Conflict in the Middle East (CMCS) has been established to address and prevent fuel shortages, particularly to combat hoarding and illegal sales of fuel. The CMCS has appointed officials to enforce the Fuel Shortage Prevention and Mitigation Act of 1973, aimed at investigating and penalizing those involved in hoarding fuel and causing public hardship. The government emphasized that anyone undermining national energy security will face strict legal consequences.
The Prime Minister stated that the Ministry of Justice, through the DSI, is working with relevant agencies such as the Royal Thai Police and the Department of Energy Business to monitor the operations of major oil traders and mid-level dealers. As of April 1st, investigations into the oil transportation system have uncovered patterns of hoarding and profiteering, including delays in sea freight to await price increases, refusal to distribute fuel from depots, and off-route transportation for stockpiling.
Mr. Anutin also highlighted the government's accelerated investigation into potential illegal sea-based oil smuggling. Discrepancies were found in oil quantity reports between inspection agencies, prompting the government to compare data against the Maritime Security Command's database. The investigation will also extend to land transport in neighboring countries to identify any regulatory violations.
The Prime Minister addressed the issue of excessive profiteering during the global energy crisis, which forced the government to use the Fuel Fund to subsidize costs, resulting in over 50 billion baht in losses. The 17 baht per liter subsidy was meant to support Thai citizens, not encourage hoarding. Consequently, the government is taking decisive action against illicit profiteering and resulting fuel shortages.
At the press conference's conclusion, Mr. Anutin reassured the public of adequate fuel supply for the Songkran holiday, urging them not to panic. He emphasized that regulations for fuel transport vehicles would be waived if necessary, ensuring immediate fuel replenishment. The government has coordinated with operators to have extra transport vehicles ready, encouraging everyone to enjoy their holidays without concern.
The Prime Minister announced the upcoming establishment of a new Energy Policy and Strategy Center (EPSC) to manage oil supply and prevent shortages. The new EPSC will have expanded responsibilities, focusing on aligning the energy structure with current conditions and assisting the public. Mr. Anutin assured the public of sufficient oil supply until June and emphasized the government's commitment to prioritizing the people's needs.