Diesel Price Freeze: COPF Cuts Fund Contribution by 0.50 Baht

Thansettakij•Economy•256d ago

Reader Briefing

Thailand's Committee of Oil Fund Management (COPF) has reduced the diesel contribution to the Oil Fund by 0.50 baht per liter to maintain current retail prices amidst global supply concerns.

•The Committee of Oil Fund Management (COPF) decided to reduce the contribution rate for diesel fuel to the Oil Fund by 0.50 baht per liter.
•This measure aims to stabilize the retail price of diesel fuel in Thailand.
•The decision comes as a response to potential disruptions in global oil supply, especially if the US attacks Iran.
•The Oil Fund's balance was negative 428 million baht as of January 25, 2569 (2026).

Overview

•The Committee of Oil Fund Management (COPF) decided to reduce the contribution rate for diesel fuel to the Oil Fund by 0.50 baht per liter.
•This action is taken to stabilize the retail price of diesel fuel and prevent excessive impact on people's livelihoods.
•This is the third reduction in January, following cuts of 0.50 baht on January 14, 2569 (2026) and 0.80 baht on January 23, 2569 (2026).
•Global oil supply is predicted to be affected if the US attacks Iran, a major crude oil producer, potentially causing international market prices to rise.
•The contribution rate for diesel fuel has been reduced from 0.70 baht per liter to 0.20 baht per liter.
•The reduction in diesel fuel contribution to the Oil Fund will decrease daily revenue from approximately 48.05 million baht to about 14.38 million baht.
•As of January 25, 2569 (2026), the Oil Fund has a deficit of 428 million baht, with the Oil Account being positive 38,335 million baht and the LPG Account negative 38,763 million baht.
•The COPF has instructed the Office of Oil Fund (OOF) to monitor global oil price situations to assess potential impacts on domestic retail fuel prices.

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Key Quotes

Committee of Oil Fund Management (COPF)

"Please be assured that domestic fuel prices will not excessively impact people's livelihoods."

ขอให้ประชาชนมั่นใจได้ว่า ราคาน้ำมันเชื้อเพลิงในประเทศจะไม่ส่งผลกระทบต่อการดำรงชีพของประชาชนมากจนเกินไป

Key Entities

Organization

Committee of Oil Fund Management (COPF)(คณะกรรมการบริหารกองทุนน้ำมันเชื้อเพลิง)

The Thai governmental body responsible for managing the oil fund and setting fuel prices.

Oil Fund(กองทุนน้ำมันเชื้อเพลิง)

A Thai fund managed by the Committee of Oil Fund Management (COPF) to stabilize fuel prices.

Office of Oil Fund (OOF)(สำนักงานกองทุนน้ำมันเชื้อเพลิง)

The administrative body tasked by the COPF to monitor global oil price situations.

Policy

Diesel Fuel(น้ำมันดีเซล)

The fuel product for which the COPF has reduced its contribution rate to the Oil Fund.

Place

United States(สหรัฐฯ)ℹ️

A country whose potential military action against Iran is cited as a factor impacting global oil supply.

Iran(อิหร่าน)ℹ️

A major crude oil producer whose potential conflict with the United States could disrupt global oil supply.