Fuel Prices to Rise: Diesel & Gasoline Hikes Imminent

Thansettakij•Economy•69d ago

Reader Briefing

Thailand's fuel fund subsidy ends, leading to imminent price hikes for diesel and gasoline starting tomorrow.

•The fuel fund's subsidy for retail fuel prices will end today, March 17, 2026.
•Diesel and gasoline prices are set to increase starting tomorrow, March 18, 2026.
•The price increase for diesel and gasoline will be minimal, by satang, not a full baht.

•March 17, 2026, is the final day the Fuel Fund will subsidize retail fuel prices.
•The price of diesel is set to increase on March 18, 2026.
•The fuel subsidy has been in place for 15 days to maintain prices at 29.94 Baht per liter.
•The fuel fund reported a deficit of 12,605 million Baht as of March 15, 2026.
•The subsidy decision followed the US-Israel attack on Iran on February 28, 2026.
•Deputy Prime Minister and Minister of Transport Phiphat Ratchakitprakarn confirmed the price adjustment for tomorrow.
•The price increase for gasoline and diesel will begin tomorrow morning.
•Retail gasoline prices in Bangkok currently range from 30.68 to 49.54 Baht per liter, while diesel is priced at 29.94 to 45.64 Baht per liter.

Full article content is available on the original source.

Phiphat Ratchakitprakarn

"Tomorrow (March 18, 2026) there will be a price adjustment for both gasoline and diesel."

ในวันพรุ่งนี้ (18 มี.ค. 69) จะมีการขยับราคา ทั้งน้ำมันเบนซินและดีเซล

Phiphat Ratchakitprakarn

"I confirm it will only move by satang, not a full baht."

ยืนยันว่าจะขยับเพียงหลักสตางค์ไม่ถึงหลักบาท

Fuel Fund(กองทุนน้ำมันเชื้อเพลิง)

An organization that subsidizes fuel prices in Thailand.

Dow Jones(ดาวโจนส์)ℹ️

A stock market index mentioned in relation to market performance.

Department of Energy Business(กรมธุรกิจพลังงาน)

A government department related to energy regulations in Thailand.

PTT(ปตท.)ℹ️

A Thai state-owned oil and gas company that updates fuel prices.

Bangchak(บางจาก)ℹ️

A Thai oil and gas company that updates fuel prices.

OR(โออาร์)ℹ️

A Thai conglomerate operating PTT Oil and Retail Business, mentioned for their fuel prices.

Phiphat Ratchakitprakarn(นายพิพัฒน์ รัชกิจประการ)

Deputy Prime Minister and Minister of Transport of Thailand, who announced upcoming fuel price adjustments.