Domestic diesel prices could surge to 60 baht per litre or more if energy prices are fully liberalised immediately, warns the EIC. Even if the conflict eventually ends, global oil prices are expected to remain elevated for an extended period. "If energy prices are fully liberalised immediately, domestic diesel prices could surge to as high as 60 baht per litre or more, with prices expected to peak next month," he said. GDP IMPACTNonarit Bisonyabut, a research fellow at Thailand Development Research Institute (TDRI), said a sharp and prolonged rise in global crude oil prices would weigh on GDP this year. As for the impact on domestic inflation, oil prices affect inflation both directly and indirectly, while price control measures by the Commerce Ministry help contain inflation.

Source: Bangkok Post March 27, 2026 05:52 UTC