Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga plans to restructure Thailand’s energy pricing system to lower costs for consumers. He aims to start by lifting import restrictions on refined oil. Mr. Pirapan acknowledges that he may face resistance from businesses that have profited from high energy prices in the past. He believes that freeing up oil imports will help control prices and create a fairer energy system.
The government has already implemented measures to cap diesel and power prices for households. Additional initiatives are expected in the future, including providing low-priced oil to farmers.
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