Portland Indian Community - PortlandIndian.com
| | | | | | | | | | | |
 


 

Thailand tries to keep costs in check amid food, energy price hike

Thailand,Politics

Author : Indo Asian News Service

International, Politics, National, Thailand Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Bangkok, Jan 15 (IANS) Thai authorities have been trying to contain the price hike of necessities and goods, especially fresh meat and food, amid efforts to alleviate people's cost of living.

Prime Minister Prayut Chan-o-cha has ordered relevant authorities such as the Ministry of Commerce and Ministry of Energy to hold talks with consumer goods producers on price freeze, according to government spokesperson Thanakorn Wangboonkongchana.

The Commerce Ministry has talked with the Thai President Foods Public Company Ltd., the country's leading instant noodle manufacturer, and asked for its cooperation not to raise prices, Xinhua news agency quoted Thanakorn as saying.

He attributed the price hike of consumer goods to the rising gasoline price in the global market, which has led to higher manufacturing and transport costs.

The Ministry of Energy has decided to extend its cap on liquefied petroleum gas (LPG) for another two months or until the end of March, Thanakorn said.

The government is also in talks with the country's oil and gas company to offer discount on LPG price for small shops and food street vendors as well as to maintain the retail price of natural gas for vehicles, the main fuel for the country's taxis.

--IANS

ksk/


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

IPL 2024: Mumbai Indians bat first against Rajasthan Royals in Hardik Pandya's 100th game

Allu Arjun, Jackie Shroff call for environmental conservation on Earth Day

IPL 2024: Mitchell Marsh to miss remainder of season due to hamstring injury

IPL 2024: Conversation with Kohli helped me during the bad phase, says RR's Riyan Parag

IPL 2024: Virat Kohli fined 50 percent match fee for dissent after dismissal in KKR match