The low oil price environment has an overall positive impact on the Thai economy. Industries such as wholesale/retail, food and beverage, and electronics should benefit from increased consumption, while the logistics sector will gain from lower fuel prices. Thailand as a net oil-importing nation should benefit from cheap oil. It should help improve private consumption as more money is left in consumers' pocket from lower fuel bill. Firms should also enjoy cost saving from low oil prices, especially highly oil-dependent sectors like airlines and logistics.
Jan 30, 2017