The EU's latest decision to ban most oil imports from Russia because of its invasion of Ukraine is expected to keep energy prices elevated for 1-2 years, says Kobsak Pootrakul, senior executive vice-president of Bangkok Bank.
Mr Kobsak advised the government to set aside a budget to continue energy price subsidies to help mitigate the impact of higher oil prices on consumers, rather than extending the "Khon La Khrueng" co-payment subsidy scheme and the "We Travel Together" hotel subsidy scheme, both of which require massive funding.
