Thailand must accelerate its transition to renewable energy if it is to reduce dependence on imported oil and gas and avoid repeating the painful consequences of global conflicts, according to Praipol Koomsap, economist at Thammasat University and former assistant to ex‑energy minister Narongchai Akrasanee.
Mr Praipol said even if peace negotiations between the US and Iran succeed in stabilising crude oil prices at around US$70-80 per barrel by late 2025, refined oil prices are expected to remain high.
