As reported by Reuters, the Thai government is considering reducing fuel excise taxes to curb the rise in retail prices. Recently, the price of diesel increased from 29.94 to 38.94 baht per liter, significantly increasing the burden on citizens and businesses.
The crisis has already affected the transportation sector; in particular, at Suvarnabhumi Airport in Bangkok, some taxi services have reduced their operations or temporarily suspended routes. Of more than 5,000 taxis, according to local media, about half remain in service, as drivers avoid long trips due to the risk of running out of fuel.
Agriculture and fishing have also suffered from rising fuel prices. According to The Guardian, farmers are struggling with irrigation and harvesting, while Reuters reports that Thailand's fishing industry is on the brink of collapse, as many vessels are not going to sea due to high diesel prices.
The World Food Programme has also warned of a potential increase in the number of people facing acute food shortages by 45 million due to the ongoing conflict in the Middle East and high oil prices, which could lead to record levels in 2026.
