PM Orders Urgent Oil Price Cuts As Global Prices Fall
Prime Minister Anuthín has ordered accelerated cuts to oil prices as global crude costs fall due to easing Middle East tensions, aiming to reduce living and transportation expenses for Thai citizens and businesses.
Prime Minister Anuthín Charnvírakul has ordered accelerated adjustments to oil prices to align with actual costs following continuous declines in global crude oil markets, aiming to ease the cost of living for citizens and businesses. Government spokesperson Ratchadá Thanadírék announced on July 7, 2025, that the PM and Interior Minister addressed the cabinet on the oil price situation, noting that Middle East tensions have eased over the past one to two weeks, causing consistent drops in global crude oil prices. The PM has tasked the Energy Ministry and the Oil Fund Office with closely monitoring the situation and considering how to adjust domestic retail fuel prices to match production costs. The PM stressed that if conditions are favorable, the government should accelerate implementation to ensure citizens and businesses benefit fairly, reducing the burden of living expenses, transportation costs, and production expenses—all of which would positively impact the nation's overall economy.
