Oil Fund Boosts Diesel Subsidy by 2.90 Baht/Liter from July 8

Matichon•Economy•20d ago

Reader Briefing

Thailand's Oil Fund is set to subsidize diesel fuel by an additional 2.90 baht per liter starting July 8, amidst evolving energy policy.

•The Oil Fund Management Committee has approved an increased diesel subsidy.
•The subsidy of 2.90 baht per liter for regular diesel and B20 diesel will be effective from July 8.
•This measure is part of a broader policy to manage fuel prices and ensure energy security.

•On July 8, 2026, an announcement regarding fuel subsidies took effect.
•The Oil Fund Management Committee issued Announcement No. 104 concerning fuel cost management.
•The subsidy for regular diesel and B20 diesel has been set at 2.90 baht/liter and 8.46 baht/liter respectively, increasing support.
•The increased subsidy aims to mitigate rising retail fuel prices exceeding 30 baht per liter, thus easing the impact on public living costs and ensuring energy security.
•The policy adheres to the principles of reflecting true value, avoiding market distortion, and preventing cross-subsidies between fuel types, as guided by the Energy Policy Administration Committee.
•Announcement No. 103, dated June 8, 2026, concerning fuel cost management, has been repealed.
•Gasoline will have a contribution rate of 7.99 baht/liter with no subsidy.
•The new subsidy rates are effective from July 8, 2026.

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Oil Fund(กองทุนน้ำมันฯ)

The organization responsible for managing fuel prices and subsidies in Thailand.

Oil Fund Management Committee (OFMC)(คณะกรรมการบริหารกองทุนน้ำมันเชื้อเพลิง (กบน.))

The committee that makes decisions regarding the management and subsidies of the oil fund.

National Energy Policy Committee(คณะกรรมการนโยบายพลังงานแห่งชาติ)

The committee that sets the policy framework for the management of the oil fund.

Department of Energy Business(กรมธุรกิจพลังงาน)

The government department responsible for setting standards and approving the quality of fuels.

Oil Fund Act B.E. 2019(พระราชบัญญัติกองทุนน้ำมันเชื้อเพลิง พ.ศ. 2019)

The primary legislation governing the operations and management of Thailand's oil fund.

Announcement No. 104(ประกาศฉบับที่ 104)

The specific announcement detailing the revised subsidy rates for diesel fuels.

Announcement of the Oil Fund Management Committee No. 103 B.E. 2026(ประกาศคณะกรรมการบริหารกองทุนน้ำมันเชื้อเพลิง ฉบับที่ 103 พ.ศ. 2026)

The previous announcement concerning fuel cost management that has been repealed.

Regular Diesel(น้ำมันดีเซลหมุนเร็วธรรมดา)

A type of diesel fuel that will receive an increased subsidy from the Oil Fund.

B20 Diesel(B20)

A biodiesel blend that will receive an increased subsidy from the Oil Fund.

Gasoline(น้ำมันเบนซิน)

A type of fuel that will have a contribution rate to the oil fund without subsidy.