Bangkok: The Ministry of Commerce has dispatched inspectors to crack down on price gouging, vowing severe penalties. The Ministry of Commerce affirms that the situation in the Middle East has not resulted in price increases for goods. Inspection teams have been deployed to strictly monitor those taking advantage of the situation to raise prices. Authorities warn that anyone found violating this rule will be prosecuted immediately, with penalties including imprisonment of up to 7 years.
According to Thai News Agency, Mr. Kornnit Nonchui, Inspector General of the Ministry of Commerce and Deputy Spokesperson of the Ministry of Commerce, stated in a press conference held via the Joint Emergency Situation Center in the Middle East that the Ministry of Commerce has been closely monitoring the impact of the conflict in the Middle East, as instructed by the government, to prevent adverse effects on the cost of living for the public, particularly opportunistic price increases on goods and services without justification based on actual costs.
Based on an assessment of the situation in conjunction with the government's policy of freezing diesel prices in the past, the Ministry of Commerce has determined that there are currently no cost factors that would necessitate an increase in the prices of consumer goods. The Ministry confirms that there is sufficient supply of goods and that the distribution system continues to function normally. Furthermore, the Ministry of Commerce, in collaboration with the Ministry of Interior, has instructed provincial governors and provincial commerce officers nationwide to conduct rigorous on-site inspections according to three main measures: closely monitoring the prices of consumer goods and energy, creating awareness to reduce panic, and instructing government agencies to adhere to government measures.
In addition, provincial and district grievance centers have been opened, along with the Ministry of Commerce's hotline, to receive complaints. A nationwide survey found that sales remained normal, overall prices had not increased significantly, and price changes were solely due to supply and demand mechanisms. Mr. Kornnit further stated that the Ministry of Commerce has deployed special task forces to continuously inspect manufacturers, distributors, and retailers and wholesalers. Legal action will be taken strictly without leniency if any wrongdoing, such as unjustified price increases or hoarding, is found.
The Ministry of Commerce has also addressed online rumors about gas station closures or refusal to sell fuel, ensuring that services are continuously provided. A working group with the private sector has been established to analyze the impact of global energy prices on various costs to prevent unnecessary price adjustments. Recent meetings with retailers and wholesalers confirmed their cooperation in managing stock levels and offering additional promotions. The Ministry assures the public that it will maintain price stability and manage the cost of living, encouraging the public to report unfair practices to the Department of Internal Trade hotline.