Energy price fears grow, households show limited financial reserves - poll

A recent nationwide survey by Suan Dusit Poll, of Suan Dusit University, shows that rising energy prices have become a major concern for people across Thailand, with many fearing the impact they may have on their cost of living.

The poll, titled ‘Thais and Energy Measures’ gathered responses from 1,347 people nationwide.

The survey found that 45.88% of the respondents are very concerned about reports of increasing energy prices, while another 44.10% said that they are somewhat concerned.

To cope with possible price increases, most respondents said they plan to modify their daily behaviour.

About 69.93% said they would save energy by turning off unnecessary lights and electrical appliances.

Financial resilience, however, appears limited.

Around 30.51% said they have emergency savings, which would last only one to three months if energy prices rise enough to affect living costs.

Meanwhile, 71.05% said they want the government to freeze fuel and cooking gas prices for as long as possible to reduce the burden.

Pornphan Buathong, president of Suan Dusit Poll, said the results reflect growing public concern over energy issues amid global oil price volatility linked to tensions in the Middle East.

While people are willing to change their behavior to save energy, their financial reserves remain limited.

“If energy prices continue to rise, it could significantly affect the cost of living,” she said, adding that the government needs to manage price mechanisms, energy reserves and public communication to maintain confidence.

Meanwhile, Anchalee Rattana, a political science lecturer at Suan Dusit University’s School of Law and Politics, said the escalating conflict in the Middle East is affecting transportation costs and the global economy.

Higher oil and gas prices could push up the costs of goods and services in Thailand, as energy is a key cost component of production and distribution.

The poll also highlighted broader concerns about financial vulnerability among citizens. Many respondents reported having only short-term savings, while some said they had none at all.

Experts say the government’s challenge will be not only controlling energy prices but also preventing widespread increases in the prices of goods and services, which could weaken purchasing power and economic stability.

At the same time, policymakers must balance price control measures with potential fiscal burdens and public sector borrowing, while ensuring transparent communication with the public.