Published by
The Bangkok Post
The Bangkok Post
State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February. While global oil prices remain high, the government’s efforts to slow down increases in the prices of diesel, liquefied petroleum gas (LPG) and electricity are now in the spotlight as businesses and households continue to worry about surging living costs. One of Thailand’s first pandemic subsidies saw the authorities use funds to reduce power bills, part of its efforts to help people deal with the impact of Covid-19 in 2020. They will continue to subsidise electricity…