Businesses have been warned against raising prices without justification amid the current Middle East conflict. Deputy government spokeswoman Airin Phanthurit emphasized that all agencies are on high alert to mitigate any impact. She outlined that retailers and business operators must adhere to the Price of Goods and Services Act, which prohibits opportunistic pricing, hoarding, and consumer exploitation.
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The maximum penalty for unjustified price increases is seven years in prison or a fine of up to 140,000 baht. The Ministry of Commerce's Department of Internal Trade reported that consumer goods are sufficiently supplied, eliminating the need for price adjustments. Ms. Airin reassured the public that legal actions will be pursued to ensure fair pricing and stability.
Citizens are advised not to panic or engage in stockpiling, as measures are in place to prevent consumer exploitation. The Internal Trade Department's hotline, 1569, and provincial commerce offices are available for reporting unlawful activities. Additionally, the Ministry of Energy confirmed the use of the Oil Fuel Fund to stabilize diesel and petrol prices for 15 days due to rising global oil prices.
The announcement underscores the government’s commitment to enforcing the law to maintain living costs. Experts suggest vigilant price monitoring and public cooperation in reporting violations. These efforts aim to preserve economic stability and prevent unnecessary financial strain on consumers, reported Bangkok Post.
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Adapted by ASEAN Now · Bangkok Post · 04 Mar 2026
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