LIMITED INTERVENTIONPipat Luengnaruemitchai, chief economist at Kiatnakin Phatra Financial Group, said rising global oil prices would directly affect households, particularly low-income groups that rely heavily on oil and gas. We should avoid full government intervention, as people may not recognise global oil prices are rising," he said. He urged the government not to borrow or create new public debt for fuel subsidies, instead letting fuel prices reflect actual market conditions. Mr Somchai advised against subsidising fuel costs related to logistics, as these mainly benefit wealthier people who own larger, less fuel-efficient vehicles. They urged the government to improve oil supply management and implement gradual price adjustments to ease the impact on consumers.

Source: Bangkok Post March 22, 2026 22:40 UTC