(From Thai Press Reports)
Section: Editorial - Thailand's consumption of oil accounts for 18 percent of the country's GDP (gross domestic product) at the current crude oil price of $60 per barrel. This proportion of the oil bill may rise to 20 percent of the GDP value if the oil price hike continues unabated.
Oil experts have predicted that the crude oil price is likely to go above $60 towards the end of the year - the period in which the northern part of the earth is facing the cold wave that requires higher oil consumption to warm households.
Thailand is almost 100 percent dependent on imported oil, and so every move of the oil price has a great …