Bangkok: The government has announced stern measures against those who illegally raise prices, warning that offenders could face imprisonment of up to seven years and a fine of 140,000 baht. The announcement comes amidst ongoing unrest in the Middle East, with the government assuring citizens that there is no cause for panic as supplies remain sufficient.

According to Thai News Agency, Ms. Airin Phanrit, Deputy Spokesperson for the Prime Minister's Office, stated that the government is actively monitoring the situation in the Middle East and has directed all relevant agencies to implement measures to ensure the availability of essential consumer goods and daily necessities. Businesses and retailers have been instructed to comply with existing laws by not exploiting the situation to raise prices and are required to display prices clearly and accurately.

The government has reinforced its commitment to the Price Control Act of 1999, emphasizing that any unjustified price increases, hoarding of goods, or actions that disadvantage consumers will lead to immediate prosecution. Violators face severe penalties, including imprisonment for up to seven years and fines reaching 140,000 baht.

Ms. Airin reassured the public that there is no need for concern. Investigations conducted by the Department of Internal Trade, Ministry of Commerce, indicate that consumer goods are in ample supply and there are no grounds for price increases. The government is set to continue its surveillance of the situation, instructing relevant agencies to take legal action against those exploiting the public to ensure fair pricing and control the cost of living. The public is encouraged to report any unjustified price hikes, lack of price tags, or hoarding of goods via the Department of Internal Trade hotline at 1569 or through provincial commerce offices across the country, enabling officials to conduct investigations and take prompt legal action.