The Energy Ministry crackdown on petrol retailers stockpiling fuel after price cut

The Energy Ministry has pledged to take stringent action against oil retailers found to be illegitimately stockpiling fuel. This decision comes in response to complaints about a sudden shortage of oil at petrol stations, following the government’s decision to lower the prices of gasohol 91 and gasohol 95.

On the morning of November 7, petrol stations across the nation began to lower the price of gasohol 91 by 2.5 baht per litre and gasohol 95 by 1 baht per litre. However, within just a few hours of the new pricing scheme taking effect, many petrol stations reportedly ran out of these two types of fuel.

This abrupt shortage sparked a wave of complaints to the Ministry, with motorists questioning the speed at which the petrol stations had depleted their gasohol stock.

Pongpol Yodmuangcharoen, the Ministry’s spokesperson, confirmed that…