Sanaa:Starting October 9, 2026, the Oil and Gas Management Committee will implement a fuel price increase of 0.75 baht per liter across all types, with exceptions for B20, E20, and E85, which will remain unchanged. This decision comes in response to rising global oil prices affected by various geopolitical and economic factors.
According to Thai News Agency, Heightened tensions in the Middle East, including attacks on ships in the Persian Gulf and the Strait of Hormuz, have contributed to increased transportation costs. Additionally, China's suspension of refined oil exports has led to a significant drop in Singapore's oil stockpiles, reaching their lowest level in five years. A decline of 3.2 million barrels in US crude oil stockpiles has further exacerbated the situation. Consequently, diesel prices in Singapore have surged to over US$177 per barrel, while gasoline prices have reached nearly US$156 per barrel, impacting the Fuel Fund's liquidity in Thailand.
In response to these challenges, adjustments have been made to subsidies and retail prices. The subsidy for regular diesel (B7) has been increased, resulting in a retail price of 42.94 baht per liter. For B20 diesel, the subsidy increase maintains the retail price at 37.19 baht per liter. Gasoline and gasohol subsidies have also been modified, with varied impacts on retail prices. These changes are part of efforts to stabilize the Fuel Fund's adequacy ratio and address global fuel price volatility.
The Oil and Gas Management Committee urges the public to adopt more economical energy consumption habits to reduce expenses and support the sustainability of the Oil and Gas Management Fund. PTT Station will adjust its retail prices for various gasoline and gasohol types, with the new rates taking effect from October 9, 2026, at 500 AM.