"Tae Mongkolkit" believes oil is being hoarded for speculative profit and urges the government to demonstrate its ability to promptly resolve the issue. If it cannot, he suggests coalition parties withdraw. He revealed he is gathering evidence to verify facts and will proceed with legal action if abnormalities are found.
At 12:00 on 20 Mar 2026 GMT+7, Mr. Mongkolkit Suksintharanon, a former Member of Parliament, attended a discussion with students at the University of the Thai Chamber of Commerce, sharing a meal, taking photos, and offering friendly advice on content creation and student projects. Afterwards, Mr. Mongkolkit spoke to reporters about the political situation, commenting on the government's performance under Prime Minister Anutin Charnvirakul, noting it faces strong public criticism, especially regarding the oil situation, which he sees as mismanaged.
Mr. Mongkolkit continued, Although the government insists Thailand is not facing an oil shortage, based on information he has received, he believes some middlemen may be hoarding or delaying oil release into the market, reducing available supply. This creates demand exceeding supply and may lead to price speculation. If hoarding is occurring, it could generate substantial profits from unofficial sales, particularly during fuel price mechanism adjustments or through the oil fund, affecting the broader economy—from transportation sectors like trucks and taxis to small businesses and the general public.
At the same time, Mr. Mongkolkit expressed concern that if the situation persists, consumer goods prices may rise following energy costs, such as food and living expenses. Although the Ministry of Commerce has measures to control prices on some items, many goods remain outside regulation. He also criticized Commerce Minister Supachai Suthammanphun, urging her to clearly demonstrate her ability to solve problems during this critical time.
Furthermore, Mr. Mongkolkit proposed, the government should consider strict control measures, including inspecting oil transport, regulating refineries and import systems, and monitoring oil volumes in real-time to prevent hoarding and reassure the public. If the government cannot effectively solve the problems, it should reconsider its suitability to govern. He also invited coalition parties to consider withdrawing and seek political solutions to restore public confidence.
At the end, Mr. Mongkolkit stated he is currently collecting data and evidence about the oil situation to verify the facts and may pursue legal action if irregularities are found in the country’s energy management system.