Oil Fund Board Maintains Diesel Price Stability to Ease Public Burden

Prachachat•Economy•266d ago

Reader Briefing

Thailand's Oil Fund Committee is maintaining stable diesel prices by continuously reducing the fuel fund's contribution rate to alleviate the financial burden on citizens.

•The Oil Fund Committee (กบน.) has decided to continuously fix diesel prices.
•This is achieved by reducing the fuel fund's contribution rate for diesel by 0.50 baht per liter on January 30, 2026.
•This is the third such reduction in January, totaling 1.80 baht per liter, to keep diesel prices unchanged despite rising global oil prices.
•The committee aims to assure the public that domestic fuel costs will not significantly impact their lives.

Overview

•On Jan 30, 2026, the Oil Fund Committee (กบน.) resolved to reduce the fuel fund's contribution rate for diesel by 0.50 baht per liter.
•The Oil Fund Committee (กบน.) stated that this is the third reduction in January, following cuts on Jan 14 (0.50 baht/liter) and Jan 23 (0.80 baht/liter), in order to maintain current retail diesel prices.
•The committee's action is a response to anticipated disruptions in global oil supply if the US attacks Iran, which could lead to price hikes.
•The Oil Fund Committee (กบน.) is reducing the fuel fund contribution rate for diesel from 0.70 baht per liter to 0.20 baht per liter.
•This measure is intended to ensure that domestic fuel prices do not excessively affect the public's cost of living.
•The Fuel Fund Office (สกนช.) has been instructed to monitor global oil market dynamics to assess future impacts on domestic retail fuel prices.
•As of Jan 25, 2026, the Fuel Fund had a deficit of 428 million THB, with the oil account showing a surplus of 38,335 million THB and the LPG account a deficit of 38,763 million THB.
•The latest reduction in the diesel contribution rate is projected to decrease daily revenue by approximately 14.38 million THB, down from the previous 48.05 million THB.

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Key Quotes

Oil Fund Committee (กบน.)

"The Oil Fund Committee (กบน.) resolved to reduce the fuel fund contribution rate for diesel by 0.50 baht per liter, marking the third reduction in January."

กบน. ได้มีมติเห็นชอบปรับลดอัตราเงินกองทุนน้ำมันเชื้อเพลิงสำหรับน้ำมันดีเซลลง 0.50 บาทต่อลิตร นับเป็นการปรับลดเป็นครั้งที่ 3 ในรอบเดือนมกราคม

Oil Fund Committee (กบน.)

"We assure the public that domestic fuel prices will not excessively impact their livelihoods."

ขอให้ประชาชนมั่นใจได้ว่า ราคาน้ำมันเชื้อเพลิงในประเทศจะไม่ส่งผลกระทบต่อการดำรงชีพของประชาชนมากจนเกินไป

Key Entities

Organization

Oil Fund Committee (กบน.)(กบน.)

The committee responsible for managing the fuel fund, making decisions on fuel prices and contributions.

Fuel Fund Office (สกนช.)(สกนช.)

The office tasked with monitoring oil market situations and reporting to the Oil Fund Committee.

Place

United States(สหรัฐฯ)ℹ️

A country whose potential military action against Iran is cited as a factor affecting global oil supply.

Iran(อิหร่าน)ℹ️

A major crude oil producing country whose potential conflict with the United States is a concern for global oil supply stability.