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Fuel dispensers at a Bangkok filling station. Universal subsidy programmes for energy prices have proven not to ease people's living costs over the long term, notes an analyst. Somchai Poomlard
Political parties are urged to make smarter decisions to address living costs in the energy sector as previous price subsidy schemes were unhealthy for the economy, says Praipol Koomsup, an economist at Thammasat University who was an assistant to former energy minister Narongchai Akrasanee.
Politicians promising to put a cap on power bills as well as fuel prices without thinking about the long-term impact can cause problems down the road, he said.
Mr Praipol, along with business leaders in the manufacturing sector, is dissatisfied with this old-fashioned approach to enhancing con
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