(Photo: Soonthorn Kongwarakom)The government is capping prices of essential consumer products while confirming that there is enough fuel for vehicles and electricity generation, but their prices will have to rise due to increasing costs in global markets. However, meat prices will rise due to changing costs and weather conditions and higher prices of plastic packaging, he added. Energy regulators are now reviewing tariffs for the May-August billing period amid a sharp rise in liquefied natural gas (LNG) costs driven by Mideast tensions. However, the spot LNG price has risen by 2.5 times due to the war and the government would have to manage its LNG costs carefully, he said. At that time, the Electricity Generating Authority of Thailand (Egat) and PTT Plc spent heavily to shield consumers from soaring LNG costs.

Source: Bangkok Post March 24, 2026 13:32 UTC