The leader of the Prachachart Party harshly accuses the government of spending tens of billions to support profits for oil tycoons and challenges the government to reveal the facts about old oil stocks that are being sold at world market prices.
On 29 March 2026, Police Colonel Tawee Sodsong, leader of the Prachachart Party, posted a sharp criticism urging the government to disclose the true cost of oil after the fuel fund deficit surged past 35 billion baht within one week. He questioned whether taxpayers’ money is being used to "offset losses" or to "support profits" for energy conglomerates.
Police Colonel Tawee stated that the oil sold today was imported three months ago at a much lower price than current rates. Claiming to use today's Singapore market price effectively hands enormous profit margins to refineries at the expense of the public. Thailand has six refineries with ample capacity but does not calculate prices based on actual costs plus reasonable profit margins like oil-producing countries such as Saudi Arabia (21 baht) or Kuwait (12 baht). Instead, Thailand bears unreasonably high prices. The government still references Singapore prices plus hypothetical transportation and insurance costs, despite refining in Thailand where per capita income is ten times less than Singapore's. Yet, Thai people must shoulder the same energy price standards.
Police Colonel Tawee called on the Fuel Fund Management Committee (FFMC) to immediately exercise its authority to audit oil stocks for the past three months to halt daily price increases based on unchecked world market rates. He emphasized that transparency is the minimum condition for legitimate governance. Profits for tycoons are acceptable but must not come at the expense of the people's well-being.