Thailand will lower diesel and gasohol prices by up to 6 baht per litre from April 11, 2026, to ease transport costs and living expenses during Songkran, due to declining global oil prices.
Key Points
- Thailand will reduce retail prices for most diesel and gasohol products by up to 6 baht per litre starting April 11, 2026, as part of a relief initiative during the Songkran holiday to lower transport costs and living expenses.
- The decision, approved by the Oil Fuel Fund Administration Committee on April 10, reflects easing global oil prices, with the cost dropping from approximately US$255 to US$211 per barrel.
- Price adjustments include Diesel B20 down 6 baht, Diesel B7 down 4 baht, and minor reductions for various gasohol products. Despite the cuts, the Oil Fuel Fund will continue to handle daily costs of 589.15 million baht.
Price Reductions for Fuel to Alleviate Economic Burden
Thailand’s government will reduce retail prices for most diesel and gasohol products by up to 6 baht per litre beginning April 11, 2026. This initiative, designed to alleviate transport costs and living expenses during the Songkran holiday, was approved by the Oil Fuel Fund Administration Committee, led by Energy Minister Akanat Promphan. The committee’s decision to adjust prices is primarily due to easing global oil prices, indicating a favorable trend that allows for financial relief to the populace.
Details of the Price Adjustments
Effective April 11, the new retail prices will see Diesel B20 reduced by 6 baht to 37.40 baht per litre, and Diesel B7 will see a 4 baht reduction to 44.40 baht. Additionally, E85 and E20 prices will drop by 3 baht each, while Gasohol 91 and 95 will decrease by 1 baht. Notably, benzine prices will remain unchanged. The Energy Ministry stated that these reductions aim to mitigate freight costs and the public’s overall cost of living during a time when global oil prices have exhibited a downward trend, moving from around $255 to $211 per barrel in just two days.
Implications for the Oil Fuel Fund
Despite the reductions, the adjustments will still leave the Oil Fuel Fund with daily expenses of 589.15 million baht, a noticeable decrease from previous expenses of over 1.2 billion baht daily. This indicates a commitment to balancing financial relief for the public while managing the Fund’s sustainability. The government’s decision reflects an effort to support citizens during an economically challenging period, especially as travel costs are anticipated to rise with the upcoming holiday season. Overall, this move integrates economic strategy with public welfare objectives.
