Thailand cracks down on fuel hoarding and price gouging amid subsidy cuts

The Thai government has ordered nationwide inspections of petrol stations and daily stock reports to prevent fuel hoarding, with violators facing up to 10 years in jail. This comes after fuel prices jumped 22% following subsidy cuts, which officials warn could threaten the country's credit rating. Authorities are also considering a windfall tax on oil refineries and revising the fiscal framework to address the energy crisis.