Fuel Prices Cut 85 Satang Tomorrow

Thansettakij•Economy•17d ago

Reader Briefing

Fuel prices across Thailand will decrease by 0.85 baht per liter starting May 8, 2026, as the Fuel Fund Committee approves adjustments to manage global market price fluctuations.

•Fuel prices for diesel and gasoline/gasohol will be reduced by 0.85 baht per liter starting May 8, 2026.
•The reduction is a response to declining global oil prices, influenced by eased concerns over US-Iran conflict and ceasefire reports.
•Specific price adjustments for various fuel types, including diesel, gasoline, and gasohol variants, have been detailed.
•The adjustments aim to reduce the cost of living for citizens and improve the Fuel Fund's liquidity.

Overview

•The Fuel Fund Committee (กบน.) approved a retail price reduction of 0.85 baht per liter for all fuel types on May 7, 2026.
•This adjustment is to reflect the weakening global market prices, which are influenced by easing investor concerns over the US-Iran conflict.
•Global oil prices on May 7, 2026, saw diesel at approximately $149/barrel and gasoline at $128/barrel, down from April 30, 2026.
•The new fuel fund rates will take effect starting May 8, 2026.
•The retail price of regular diesel will become 39.95 baht per liter.
•The retail price of gasoline will become 52.04 baht per liter.
•The retail price of gasohol 95 will become 42.45 baht per liter.
•The price reduction aims to help reduce the cost of living for the public and improve the Fuel Fund's liquidity, which has an approximate daily revenue of 75.65 million baht.

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Key Entities

Organization

Fuel Fund Committee (กบน.)(คณะกรรมการบริหารกองทุนน้ำมันเชื้อเพลิง (กบน.))

The governing body that approved the retail fuel price adjustments.

Bangchak(บางจาก)ℹ️

Fuel retailer that updated its prices following the committee's decision.

PTT(ปตท.)ℹ️

Fuel retailer that updated its prices following the committee's decision.

Place

United States(สหรัฐฯ)ℹ️

Nation whose conflict with Iran influenced global oil prices.

Iran(อิหร่าน)ℹ️

Nation whose conflict with the United States influenced global oil prices.

Strait of Hormuz(ช่องแคบฮอร์มุช)ℹ️

Shipping route whose reopening was reported, influencing global oil prices.