People queue at gas stations across Thailand as a sharp surge in fuel prices takes effect. (Photo: iStock)
Thailand is buckling under the pressure of rising global crude prices. New pump prices effective March 26 show gasoline and diesel climbing by 6 baht per liter (USD 0.18), marking the largest single increase on record and signaling the Anutin Charnvirakul administration’s move to scale back fuel subsidies.
The oil rally is also feeding into electricity costs. From May, power tariffs could rise under three proposals by the Energy Regulatory Commission (ERC), with the highest rate reaching 4.59 baht (USD 0.14) per kWh—an 18% jump from current levels.
