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Energy Ministry weighs exit strategy to cut fuel subsidies as oil fund deficit exceeds 100bn baht

October 07, 2026

Thailand’s oil fund payouts fall to 375 million baht a day as refinery discounts, diesel tax cuts and state-backed borrowing await policy approval

Thai oil fund deficit may hit 100bn baht by early October

September 23, 2026

Thailand’s Oil Fuel Fund is considering borrowing about 100 billion baht to sustain diesel and petrol subsidies, an Energy Ministry source says

Thailand plans diesel subsidy cuts as fund deficit could hit 100bn baht in October

THURSDAY, SEPTEMBER 17, 2026

Thailand’s Oil Fuel Fund Office is weighing further borrowing and gradual subsidy cuts as daily fuel support costs reach 770 million baht

Diesel prices cut by THB1.20 a litre from April 21

MONDAY, APRIL 20, 2026

Thailand cuts retail diesel prices by THB1.20 a litre from April 21 after the Oil Fuel Fund board lowered support rates as global oil prices eased

Hormuz strain leaves energy market tight, fuel fund deficit tops Bt61bn

THURSDAY, APRIL 16, 2026

Thailand has 110 days of oil reserves, but the Oil Fuel Fund deficit has widened to Bt61.59 billion as tight global supply keeps energy costs elevated

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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