Anutin ordered Eknat during the Cabinet meeting to immediately and sufficiently reduce domestic retail oil prices to lower living costs and business expenses following the drop in global market prices. Regarding soaring food prices that have not decreased, he assigned Supachai to manage the issue. He confirmed continuing the Blue Flag stores and price freeze policies. Meanwhile, Eknat responded by convening an urgent Oil Fund Management Committee meeting, expecting to offer lower fuel prices by the morning of 8 Jul 2026 GMT+7.
Anutin Charnvirakul, Prime Minister and Minister of Interior, revealed after the Cabinet meeting that he instructed Eknat Promphan, Minister of Energy, to find ways to reduce domestic retail oil prices. The reason is that the public is aware that global oil prices have decreased and stabilized, so domestic retail prices should also be lowered accordingly. The government must consider the cost of living for the public and the operating costs for businesses. Therefore, the policy is to reduce oil costs as much as possible.
"I only told the Minister of Energy, as the administrator, that when global prices rise, we ask the public to accept higher prices. Now that global oil prices have fallen, we should not hesitate to reduce prices for the public. When prices drop, reductions should happen immediately and be significant—not gradual. The Minister of Energy has received this policy but no specific timeframe was set, leaving it to the Ministry of Energy to manage and use available mechanisms to adjust oil prices downward."
Regarding the issue that oil prices have fallen but product prices have not decreased, Anutin said that Supachai Sutthampan, Deputy Prime Minister and Minister of Commerce, is already aware. The government’s policy is to reduce daily living expenses through Blue Flag stores offering affordable goods and the Thai Help Thai Plus 60/40 program, which helps ease household expenses somewhat. On concerns about persistently high inflation, the Prime Minister said the government must implement various policies considering all aspects of citizens’ quality of life, not focusing on a single issue.
After the third 2026 APEC Business Advisory Council (ABAC) meeting, Anutin added that the government continues to combat corruption transparently, especially in preparation for membership in the Organisation for Economic Co-operation and Development (OECD), which has international support to elevate the country and build global confidence.
Anutin also addressed crackdowns on gray capital groups and dummy accounts causing disruptions in the Stock Exchange of Thailand (SET). The government has rigorously acted through the Securities and Exchange Commission (SEC) and the Anti-Money Laundering Office (AMLO), working as a team by sharing key information to investigate offenders and proceed swiftly with legal actions. He stated he has personally been involved in these efforts, with recent asset seizures totaling over 8 billion baht.
"The disruptive groups focus on manipulating gray-market stocks; investors in legitimate stocks avoid these gray stocks. It’s simple: gray stays with gray, making it easier to separate, prosecute, and seize assets. Since I took office, counting both Anutin 1 and Anutin 2 governments, we have seized nearly 2 billion US dollars from gray capital—an enormous sum."
Eknat Promphan, Minister of Energy, revealed he received orders from Prime Minister and Minister of Interior Anutin Charnvirakul to urgently reduce domestic retail oil prices. He will convene an emergency meeting of the Energy Policy Administration Committee (EPAC) and the Oil Fund Management Committee (OFMC) on the evening of 7 Jul 2026 GMT+7 to find ways to lower oil prices in line with reduced costs. EPAC and OFMC will promptly consider measures to adjust retail prices so that domestic prices reflect lower costs without waiting to reference refined oil prices from the Singapore market if crude oil costs have already fallen.