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Oil Fuel Fund Maintains Domestic Price Freeze

Oil Fuel Fund Maintains Domestic Price Freeze

Matichon•Economy•7m ago

Reader Briefing

The Oil Fuel Fund maintains domestic retail oil price freezes despite a drop in global market prices on August 26, 2026.

  • •The Oil Fuel Fund maintains domestic retail oil price freezes.
  • •Global oil prices decreased on August 26, 2026, with diesel at 148 USD/barrel and gasoline at 113 USD/barrel.
  • •The Oil Fuel Fund faces a daily expenditure burden of approximately 215 million baht.
  • •Global price drops were driven by eased geopolitical tensions and economic slowdowns in Europe and China.

Overview

  • •Geopolitical tensions eased temporarily as the United States employed economic measures instead of military force and used mediators for negotiations.
  • •Shipping through the Strait of Hormuz is currently operating normally alongside preparations for a safe shipping route.
  • •Economic slowdowns in Europe and China reduced oil demand and prompted investors to sell futures contracts.
  • •On August 26, 2026, global diesel prices 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.
  • •The Oil Fuel Fund maintains the freeze on domestic retail oil prices due to geopolitical volatility and current liquidity burdens.
  • •The Oil Fuel Fund continues to monitor global oil prices to reduce retail prices for the public in the future.
  • •The Oil Fuel Fund requests cooperation from the public and all sectors to continue saving energy for national energy security.

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Source: Matichon (Original)

Key Entities

Organization

Oil Fuel Fund Committee(กบน.)
The body that decided to maintain the freeze on domestic retail oil prices.
Oil Fuel Fund Office(สำนักงานกองทุนน้ำมันเชื้อเพลิง)
The office that reported on global oil price trends and the fund's expenditure burden.
Oil Fuel Fund(กองทุนน้ำมันเชื้อเพลิง)
The fund bearing a daily expenditure burden of 215 million baht and monitoring global prices.

Place

United States(สหรัฐฯ)ℹ️
The country that used economic measures instead of military force and employed mediators in negotiations.
Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️
The waterway where cargo transport is currently operating normally.
Europe(ยุโรป)ℹ️
A region experiencing an economic slowdown that contributed to lower oil demand.
China(จีน)ℹ️
A country experiencing an economic slowdown that contributed to lower oil demand.