As Thailand’s price cap on diesel comes to a screeching halt next month, PM Prayut Chan-o-cha is asking the public to try to understand the government’s limits in controlling prices. On May 1, the government is set to lower the subsidy on diesel. Up until now, the price cap has kept it at 30 baht per litre. On Tuesday, Thailand’s Energy Minister said the retail price is now at 40 baht per litre, although he stressed that the government will try to raise the price slowly.
Despite the whopping price hike, Prayut insists the government is “ready to take care of people”. The PM said the Fuel Oil Fund which has been helping keep the price down is now hugely depleted. He added that loans to support the cap have also run out.
“People should understand the limits of the government’s capacity to help”.
Prayut stressed that now is the time for everyone to cooperate….
