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Cooking gas prices frozen for 2 months, B7 diesel maintained, crude oil imports cut.

Cooking gas prices frozen for 2 months, B7 diesel maintained, crude oil imports cut.

Prachachat•Economy•2d ago

Reader Briefing

Thailand's GPO will extend the freeze on cooking gas prices for two months and maintain the B7 biodiesel blend to manage costs and support the palm oil market.

  • •The Government Policy Committee on Energy (GPO) decided to extend the retail price of 15kg LPG cylinders to approximately 423 baht for two months, from June 1, 2026, to July 31, 2026.
  • •The committee also resolved to maintain the biodiesel blend in diesel fuel at B7 for three months, from June 14, 2026, to September 13, 2026.
  • •These measures aim to alleviate the cost of living for the public amidst global energy market volatilities and support domestic palm oil consumption.

Overview

  • •The existing measure to fix the wholesale price of LPG at 20.9179 baht per kilogram, keeping retail prices at around 423 baht per 15kg cylinder, was set to expire on May 31, 2026.
  • •The Government Policy Committee on Energy (GPO) decided to maintain the wholesale price of LPG at 20.9179 baht per kilogram.
  • •The GPO will extend the retail price of 15kg LPG cylinders to approximately 423 baht for two months, effective from June 1, 2026, to July 31, 2026.
  • •This decision was made in order to reduce the cost of living for the public during a period of economic fragility due to global energy situations.
  • •Global LPG prices have been volatile and high due to the conflict between the USA, Israel, and Iran, leading to a deficit in the Oil Fund's LPG account of 38,649 million baht.
  • •Global LPG market prices (CP) increased by approximately 232.50 USD per ton, or 43%, from March 2025 to May 2026.
  • •The biodiesel blend in diesel fuel will remain at B7 for three months, from June 14, 2026, to September 13, 2026.
  • •Maintaining B7 biodiesel blend will reduce oil imports by approximately 1.37 million liters per day, supporting domestic palm oil consumption.

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Source: Prachachat (Original)

Key Quotes

Minister of Energy
"“Although global LPG prices remain high, causing the Oil Fund to bear continuous burdens, the government prioritizes public cost of living, especially for households. Therefore, it is appropriate to maintain the retail price of 15kg LPG cylinders at approximately 423 baht for another 2 months.”"
“แม้ราคาก๊าซ LPG ในตลาดโลกยังอยู่ในระดับสูง และส่งผลให้กองทุนน้ำมันเชื้อเพลิงต้องรับภาระต่อเนื่อง แต่รัฐบาลให้ความสำคัญกับการดูแลค่าครองชีพของประชาชน โดยเฉพาะภาคครัวเรือน จึงเห็นควรคงราคาขายปลีก LPG ขนาดถัง 15 กิโลกรัม ไว้ที่ประมาณ 423 บาทต่อถัง ออกไปอีก 2 เดือน เพื่อช่วยบรรเทาผลกระทบในช่วงที่สถานการณ์พลังงานโลกยังมีความผันผวน”

Key Entities

Organization

Government Policy Committee on Energy (GPO)(กบง.)
The committee responsible for making energy policy decisions in Thailand.
Oil Fund(กองทุนน้ำมันเชื้อเพลิง)
A fund in Thailand that manages fuel prices and subsidies, currently facing a deficit related to LPG.

Person

Mr. Anat Promphan(นายเอกนัฏ พร้อมพันธุ์)
Minister of Energy and Chairman of the Government Policy Committee on Energy (GPO).

Place

United States of America(สหรัฐอเมริกา)ℹ️
A nation involved in the geopolitical conflict influencing global energy prices.
Israel(อิสราเอล)ℹ️
A nation involved in the geopolitical conflict influencing global energy prices.
Iran(อิหร่าน)ℹ️
A nation involved in the geopolitical conflict influencing global energy prices.

Product

Crude Palm Oil (CPO)(น้ำมันปาล์มดิบ (CPO))
A key ingredient in biodiesel production, the domestic market balance of which is influenced by B7 policy.