Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products.

Kla Party leader Korn Chatikavanij has reiterated his allegations against oil companies, accusing one oil refinery of making up to 1,000 per cent profit and two oil trading firms of over 100 per cent profit while consumers suffer from high petrol prices.