Politics
Criticism Mounts Over Government Management of Oil Fund
Trirat Sirichantorn has accused the Thai government of failing to manage the Oil Fuel Fund, citing rising retail prices despite lower global costs.
According to a report by Matichon Online on September 25, 2026, Trirat Sirichantorn has publicly criticized the current administration’s handling of the national Oil Fuel Fund. Trirat argues that the government’s management strategy has been ineffective, pointing to a discrepancy where retail fuel prices continue to climb even as global production costs have decreased.
Trirat highlighted that the fund is currently burdened by an accumulated debt nearing 100 billion baht. This financial strain has become a point of contention, as critics suggest that the current pricing structure places an unnecessary burden on consumers and businesses alike. For residents and travelers in Thailand, this situation is significant as fuel costs directly influence the price of public transportation, logistics, and the overall cost of living.
While the government has yet to issue a formal response to these specific allegations, the mounting debt of the Oil Fuel Fund remains a critical issue for the national economy. It remains to be confirmed how the administration plans to address this deficit and whether any adjustments to fuel pricing policies will be implemented in the near future. Observers are waiting to see if the government will provide a detailed breakdown of the fund's current status to address these public concerns.
