Bangkok: The National Energy Policy Committee (NEPC) has resolved to increase the price of all types of fuel by 0.85 baht per liter, effective this morning. This decision comes in response to the recent collapse of US-Iran negotiations, which has driven global oil prices to unprecedented levels.
According to Thai News Agency, the NEPC's decision is influenced by the stalled negotiations between the United States and Iran, which have heightened concerns over potential disruptions to global crude oil shipments. This situation has contributed to the continuous rise in global oil prices, with diesel in Singapore reaching over US$160 per barrel and gasoline over US$116 per barrel. The Fuel Fund is currently in a deficit of over 72,260 million baht, prompting urgent measures to ensure its liquidity and maintain long-term price stability.
The Fuel Fund Management Committee (FFMC) has also approved the price increase, effective August 12, 2026. The committee is addressing the significant burden on the Fuel Fund, which incurs approximately 343 million baht per day in subsidies. To mitigate this, the committee has adjusted subsidies and taxes across various fuel types, including diesel, gasoline, and gasohol.
For diesel, the subsidy for regular diesel now totals 5.39 baht per liter, with a retail price of 37.54 baht per liter. B20 diesel sees an increased subsidy of 10.08 baht per liter, resulting in a retail price of 32.54 baht per liter. Gasoline and gasohol fuels experience adjustments as well, with subsidies and taxes revised to ensure financial stability.
The Oil and Gas Management Committee (OGM) has called on the public to adopt energy-saving habits to alleviate personal expenses and reduce the national burden. This initiative aims to strengthen the Oil and Gas Management Fund, ensuring its capacity to support citizens sustainably in the future.