Thai Sang Thai supports the government tapping the oil fund to cap diesel prices at no more than 30 baht per liter to handle the Hormuz Strait crisis, urging strict stock checks to prevent oil hoarding.
On 5 March 2026, Mr. Suradej Taweesangsukthai, chairman of the economic strategy of Thai Sang Thai Party, stated the party supports the government and Ministry of Energy's move to use the oil fund to fix diesel prices at 29.94 baht per liter for 15 days, along with cooperation from PTT and Bangchak to stabilize gasoline prices. This aims to reduce living costs for the public and transportation expenses amid the Middle East crisis. However, this measure is only a short-term solution with budget limitations.
Thai Sang Thai proposes the government urgently review the excise tax and marketing structures to ensure fairness and reduce reliance on loans from the oil fund. They also stress strict enforcement of laws to monitor oil stockpiles closely to prevent opportunistic hoarding. Furthermore, the party emphasizes accelerating the transition to alternative energy and supporting electric vehicles (EVs) in public transportation to secure long-term energy stability and reduce oil imports, which are difficult to price-control.