Thai oil crisis eases after state takes actionA night view of Bangchak's oil refinery in Bangkok's Phra Khanong district. The move, which reverses a March 6 exemption, initially faced pushback from retailers concerned about financial risks and potential losses if global oil prices fall once the Israel–US conflict with Iran subsides. Inspections of more than 50 depots and 1,500 service stations nationwide have been conducted. Last week, investigators uncovered alleged hoarding by a trader in Ang Thong province, though Mr Chatchai stressed that no widespread hoarding has been detected. The DOEB's decision to allow sales of "dead stock" -- unsold oil products stored in warehouses -- has further eased pressure at service stations.

Source: Bangkok Post March 23, 2026 23:38 UTC