The government of Thailand has warned against raising prices without justification amid the current Middle East conflict. Deputy government spokeswoman Airin Phanthurit emphasized that all agencies are on high alert to mitigate any impact. She outlined that retailers and business operators must adhere to the Price of Goods and Services Act, which prohibits opportunistic pricing, hoarding, and consumer exploitation.
At the same time Thai Airways International has now doubled their airfare from Bangkok to Europe while other airlines only have moderate raised prices on the same routes.
Source: Bangkok Post