By Chartchai Parasuk

The Bangkok Post-Apr 16, 2026

There is no such thing as a free lunch. When global oil prices rise sharply, as they are doing now, someone must bear the cost. Some countries choose to absorb it through government support, as in Japan, while others pass the burden on to consumers, as in Thailand. Neither approach is inherently right or wrong; each carries different economic consequences. Policymakers must decide which set of outcomes is more acceptable and act accordingly.

Read more at: https://www.bangkokpost.com/opinion/opinion/3237630/oil-shock-risks-wider-chain-reaction

First published in Bangkok Post