The situation in Russia and Ukraine escalated and oil prices rose sharply, and the deputy prime minister of the Thai Special Department of Economy held an emergency meeting to discuss measures] Thailand network reported that recently, the situation in Russia and Ukraine has affected the fluctuation of world energy prices. A few days ago, Thailand's Deputy Prime Minister and Minister of Energy Supattanapong met with Finance Minister Akong, Governor of the Bank of Thailand and other senior officials to discuss countermeasures. Supattanapong is expected to announce specific measures on March 11.
Supattanapong pointed out that the meeting was held to assess the economic situation and discuss how to deal with the rise in oil prices. The government's immediate priority is to ensure national energy security so that energy can meet the needs of the population, such as increasing fuel reserves from being able to meet the demand for 60 days to meeting the demand for 70 days. In terms of electric energy, more ways of generating electricity are sought so as not to rely too much on a single source of electricity. In terms of oil prices, the government is still implementing measures to stabilize oil prices and control diesel prices to no more than 30 baht/l.
In addition, the meeting also discussed the introduction of relevant measures to reduce the burden of rising oil prices on the people.
(Source: Thai Media)