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Akanat says falling global oil prices open way for pump price cuts
SATURDAY, APRIL 11, 2026
Energy Minister Akanat Promphan says softer world oil prices could bring further pump price cuts, while Thailand weighs G2G crude deals and delays a fuel fund loan decree
Thai Government Signals Post-Subsidy Fuel Hike as Middle East Conflict Strains Reserves
THURSDAY, MARCH 12, 2026
Deputy PM Phiphat Ratchakitprakarn to summon refinery executives as diesel price caps expire and the national Oil Fund faces multi-billion-baht depletion
Oil Fuel Fund deficit expected to reach THB100 billion by year-end
SUNDAY, NOVEMBER 12, 2023
The Oil Fuel Fund deficit is expected to balloon to over 100 billion baht at the end of this year because of continuous subsidies on petrol and cooking gas, a source from the Energy Ministry said.
Diesel to cost 33 baht/litre from Tuesday
MONDAY, MAY 30, 2022
The retail price of diesel will rise by one baht to 33 baht per litre as of Tuesday, the Fuel Fund Executive Committee announced on Monday.
Experts calm Thai consumer fears over rising petrol prices
SATURDAY, MAY 26, 2018
OIL EXPERTS say Thai consumers should not overreact to higher retail oil prices as they are expected to fall soon when the prices for crude drop.
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