Oil Fuel Fund Positive in 4 Years, New Crisis Plan Ahead

Khaosod•Economy•261d ago

Reader Briefing

Thailand's Oil Fuel Fund has achieved a positive balance for the first time in four years and is developing a new crisis management plan for 2025-2029.

•The Oil Fuel Fund reported a positive balance of 505 million THB as of February 1, 2026, marking its first surplus in four years.
•The fund is actively developing a new crisis management plan for the period 2025-2029 to address future energy volatility.
•Despite the current surplus, the fund has accumulated a total debt of 61,543 million THB, primarily from subsidizing diesel and LPG prices.

Overview

•As of February 1, 2026, the Oil Fuel Fund's balance turned positive.
•The Oil Fuel Fund's balance is 505 million THB as of February 1, 2026, the first time in 4 years it is in surplus.
•The fund previously experienced its first deficit of 1,633 million THB on December 12, 2021, and reached a record deficit of 132,671 million THB on November 27, 2022.
•The fund incurred debt due to government policies to subsidize diesel and LPG prices below their actual costs in order to alleviate public burden.
•The current total debt of the fund is 61,543 million THB.
•The oil account within the fund has a surplus of 39,046 million THB due to collections from diesel users (0.20 THB/liter) and gasoline users (2.50 THB/liter for Gasohol 91/95, 0.80 THB/liter for E20, 9.60 THB/liter for 95 Octane Unleaded).
•The LPG account remains in deficit by 38,541 million THB due to ongoing compensation payments of 0.22 THB/kg.
•The Office of the Oil Fuel Fund (สกนช.) is drafting a new crisis management plan for 2025-2029 to replace the expired 2020-2024 plan, focusing on the appropriate use of funds during energy price crises.

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Key Entities

Organization

Oil Fuel Fund(กองทุนน้ำมันเชื้อเพลิง)

The Thai governmental fund responsible for managing fuel prices and responding to energy crises.

Office of the Oil Fuel Fund (สกนช.)(สำนักงานกองทุนน้ำมันเชื้อเพลิง (สกนช.))

The administrative body overseeing the Oil Fuel Fund, currently drafting a new crisis response plan.