Oil Smuggling and Hoarding Worsen Supply Crisis in Thailand

Oil smugglers, hoarders in Thailand worsen supply crisis as Anutin warns of tough times

From sea transfers by smugglers and hoarding to stockpiling underground, profiteering from the oil crunch in Thailand has exacerbated a supply crisis that Prime Minister Anutin Charnvirakul warned on Monday was about to worsen, given the country’s reliance on fuel imports. As diesel pump prices hit an all-time high of around 50 baht (US$1.54) a litre on Monday, Justice Minister Major-General Rutthaphon Naowarat told reporters that “oil has definitely gone missing”, saying it was too early to...

By Aidan Jones