BANGKOK, Thailand – The Department of Special Investigation (DSI) has summoned executives from eight shipping companies suspected of hoarding 60 million liters of diesel to exploit a sharp price hike.
Investigators allege 12 tankers intentionally delayed deliveries to Surat Thani in late March, waiting for a government subsidy cut to trigger a 6-baht-per-litre price jump. The DSI noted suspicious activity during 20 trips, including disabled GPS signals and ship-to-ship transfers at sea.
“The investigation focuses on why these shipments were abnormally delayed,” said DSI spokesperson Woranan Srilum. “We are examining transport contracts and shipping manifests to determine if there was a deliberate attempt to profit from the energy crisis.”
A representative from Big Sea Co Ltd, one of the firms involved, appeared for questioning Tuesday, pledging full cooperation.
The probe comes as Thai authorities tighten oversight of the energy sector following regional supply concerns triggered by the closure of the Strait of Hormuz.
Investigators are weighing charges of “unreasonable delay in the distribution of controlled goods.” Under Thai law, the offense carries a maximum penalty of seven years in prison, a fine of up to 140,000 baht, or both.
The DSI expects to complete witness statements from the remaining shipping firms by April 23. (TNA)
