Economy
Thai Government Discusses Measures to Counter Rising Oil Prices
Deputy Prime Minister Supachai Sutumpun announced that the government is preparing a package of measures to mitigate the impact of rising oil prices on the cost of living and agricultural sectors.
According to a report by Khaosod Online Thailand on September 18, 2026, the Thai government is actively formulating strategies to address the recent surge in oil prices. Deputy Prime Minister and Minister of Commerce Supachai Sutumpun stated that a high-level meeting was held this past Monday involving key economic ministers, including the Minister of Finance, the Minister of Energy, and the Minister of Industry.
The discussions focused on developing comprehensive measures to stabilize energy costs and support the general public and the agricultural sector. Officials are currently evaluating various funding sources, including the central budget, potential loans, and the Oil Fuel Fund, to finance these interventions.
For residents and travelers, these developments are significant as they may lead to government-subsidized price controls or relief measures aimed at curbing inflation and maintaining the affordability of essential goods and transportation.
While the government has signaled that a concrete plan will be presented to the Cabinet next week, specific details regarding the scale of the budget allocation and the exact nature of the relief measures remain to be confirmed. The public is advised to monitor official government announcements in the coming days for updates on how these policies might affect daily expenses and market prices.
