Government warns against panic buying, vows price gouging crackdown
The Thai government urges citizens to avoid panic buying and hoarding, warning of strict legal action against merchants exploiting the situation.
Stock photo for illustration only, not from the actual event
- Government urges public to stay calm and avoid panic buying goods
- Authorities vow strict legal action against merchants price gouging
- Citizens encouraged to report unfair pricing and hoarding activities
The government has issued an urgent public advisory urging citizens across the country to remain calm and avoid unnecessary panic. Authorities explicitly confirmed that there is no reason or need to rush out and hoard consumer goods, assuring the public that existing supplies in the market remain fully adequate.
Stock photo for illustration only, not from the actual event
Furthermore, authorities issued a stern warning to all business operators and merchants, stating that zero tolerance will be applied to anyone attempting to exploit the situation by covertly inflating prices beyond fair market value. Officials emphasized that strict legal measures will be enforced immediately against any violators without exception.
Government interventions of this nature are crucial for stabilizing the economy and preventing artificial shortages caused by panic buying. In Thailand, price control enforcement typically relies on the Price of Goods and Services Act to penalize opportunistic profiteering and safeguard consumer welfare during uncertain times.
Relevant state agencies are currently mobilizing field inspection teams to closely monitor market prices and supply chains, ensuring that consumers are not taken advantage of by unprincipled intermediaries or opportunistic traders.
Citizens who encounter suspected price gouging, hoarding, or unfair trade practices are urged to report the incidents immediately through official state hotlines so that law enforcement can investigate and take swift legal action.
Source: Matichon Politics
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