The Prime Minister of Thailand, Anutin Charnvirakul, announced on Saturday that the nation is set to establish a new government, anticipating a transition of power soon.
Charnvirakul expressed his expectations that the cabinet list will be ready for royal endorsement within the coming week.
At a press conference, he confirmed that the new administration aims to promptly present its policy statement to parliament, ensuring there are no delays in governance. This statement is projected to be released between April 7 and 9 and will largely align with the commitments made during the electoral campaign by his Bhumjaithai Party.
According to officials of the party, essential priorities include initiating an additional phase of a consumer subsidy program aimed at alleviating the financial burden on citizens.
The Prime Minister also addressed the public's recent concerns regarding oil price management, acknowledging the frustration over the situation. He clarified that while the government had initially enforced a price cap for 15 days to mitigate the effects, extended struggles in the Middle East necessitated a change in strategy.
Moreover, the government has discontinued the price cap and is considering an oil tax reduction along with other supportive measures. Officials assured that subsidies would still be partially sustained through the oil fund.
Authorities have been working to reinforce public confidence that fuel availability remains stable, with around 107 days of oil reserves on hand and additional shipments anticipated between April and May.
Efforts are ongoing to secure increased oil supplies through outreach to various oil-producing nations. Concurrently, the Commerce Ministry is closely monitoring market prices to avert any excessive hikes.
Investigations into economic strains and necessary policy modifications are also being conducted as the country gears up for a leadership shift.
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