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Koban maintains retail fuel prices despite global market decline

Koban maintains retail fuel prices despite global market decline

MGR Online•Economy•45m ago

Reader Briefing

Koban maintains domestic retail fuel prices despite a drop in global oil prices due to the Oil Fuel Fund's daily expenditure burden.

  • •Global oil prices decreased on August 26, 2026, with diesel at 148 USD/barrel and gasoline at 113 USD/barrel.
  • •The Oil Fuel Fund currently faces a daily expenditure burden of approximately 215 million baht.
  • •Koban has decided to freeze domestic retail fuel prices despite the global downward trend.
  • •The price drop was driven by easing geopolitical tensions and economic slowdowns in Europe and China.

Overview

  • •Geopolitical tensions eased temporarily as the United States utilized economic measures instead of military force and employed mediators for negotiations.
  • •Shipping through the Strait of Hormuz has proceeded normally alongside preparations for a safe shipping route.
  • •Economic slowdowns in Europe and China reduced oil demand, leading investors to sell futures contracts.
  • •On August 26, 2026, global diesel closed at approximately 148 USD per barrel and gasoline at approximately 113 USD per barrel.
  • •The Oil Fuel Fund has a daily expenditure burden of approximately 215 million baht.
  • •Koban maintains the current domestic retail fuel prices.
  • •Koban continues to monitor global oil prices to potentially reduce retail prices for the public in the future.

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Key Entities

Organization

Koban(กบน.)
The body responsible for deciding whether to adjust domestic retail fuel prices.
Oil Fuel Fund Office(สำนักงานกองทุนน้ำมันเชื้อเพลิง)
The office that reported on crude oil price trends and the fund's expenditure burden.
Oil Fuel Fund(กองทุนน้ำมันเชื้อเพลิง)
The fund that compensates for fuel prices with a daily expenditure of approximately 215 million baht.

Place

United States(สหรัฐฯ)ℹ️
The country that used economic measures instead of military force and used mediators for negotiations.
Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️
The shipping route where cargo transport has been proceeding normally.
Europe(ยุโรป)ℹ️
A region experiencing an economic slowdown that contributed to reduced oil demand.
China(จีน)ℹ️
A country experiencing an economic slowdown that contributed to reduced oil demand.