PTT denies monopolizing oil sector

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Bangkok – PTT Plc Co Ltd is set to take legal action against those accusing the company of causing higher fuel prices.

PTT Senior Executive Vice President-General Counsel Peangpanor Boonklum said PTT will file a lawsuit against individuals who have accused the company on social media of secretly raising gas prices and monopolizing the oil industry.

Peangpanor said such unfounded claims had tarnished the reputation of the company and its executives. The legal team is currently looking into the matter and will file both civil and criminal lawsuits against those responsible for false accusations.

The Senior Executive Vice President-General Counsel cited the need to resort to legal action as a certain group of individuals has continued to defame the company.