Thailand faces growing risks of another surge in global oil prices as geopolitical tensions in the Middle East threaten energy supplies, highlighting the urgent need to accelerate the country’s transition to clean energy, vice-Finance Minister Santitarn Sathirathai said on Friday.
Addressing a conference on Capital Markets co-hosted by the Securities and Exchange Commission and the Stock Exchange of Thailand, Mr Santitarn said government measures such as the Oil Fuel Fund can help cushion the immediate impact on consumers, but relying on price subsidies is not a sustainable long-term strategy.
