Speaking to Sky's Lisa Holland, Colonel Gaddafi's most high-profile son derided Mr Cameron and claimed Britain needed "to stop thinking greedily about oil".
He referred to the Prime Minster's response to the Libyan crisis as "a joke" and said "we are not listening to him".
Refusing to accept that the Libyan government has lost control of the east of the country, Saif Gaddafi called the rebels occupying the city of Zawiyah "terrorists" and reiterated his stance that he would live and die in Libya.
Sky political correspondent Sophy Ridge
Warning countries who could be considering military action, Mr Gaddafi said the use of force against Libya was "not acceptable" but claimed "we are not afraid".
He said the regime's priority was to restore peace and security in Libya.
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