The Federation of Thai Industries (FTI) wants the government to put a cap on electricity, water and cooking gas prices to slow down living cost increases as well as push stimulus measures as the Thailand Industry Sentiment Index (TISI) continued to increase to 88 points in January.
Authorities should consider adjusting the oil excise tax to better control domestic oil prices, now driven by the global oil price surge, said Supant Mongkolsuthree, chairman of the FTI.
"The conflict between Ukraine and Russia is putting pressure on global oil prices, which are soaring," he said.
