Thailand confirms LPG hike as govt scrambles to soften impact of soaring energy prices

The PM also heard from economic advisers about progress on bilateral trade and investment with Saudi Arabia after relations between the two countries were restored in January.

Thailand and Saudi Arabia have so far discussed investment in oil refineries, petrochemicals, electric vehicles (EVs), biofuel, biochemicals, video games and entertainment industries. The government expects these investment projects to start taking shape from April, according to Thanakorn.

Prayut also acknowledged progress in luring investment via promotions for Thailand’s new S-curve target industries, including manufacturing of EVs, electronics and pharmaceuticals, added the spokesman.