Oil Fund Slashes Diesel Rate Again to Cap Prices

MGR Online•Economy•267d ago

Reader Briefing

Thailand's Oil Fund Committee reduces its diesel contribution rate for the third time in January to maintain existing retail prices amidst global market fluctuations.

•The Oil Fund Committee (กบน.) has reduced the diesel contribution rate by 0.50 Baht/litre.
•This is the third reduction in January, totaling 1.80 Baht/litre, to keep diesel prices stable.
•The decision is a response to anticipated global supply disruptions from potential US-Iran conflict impacting oil prices.

Overview

•On Jan 30, 2026, the Oil Fund Committee (กบน.) announced a reduction in the diesel contribution rate.
•The Oil Fund Committee (กบน.) adjusted the diesel contribution rate from 0.70 Baht/litre to 0.20 Baht/litre.
•Increased global crude oil prices and potential supply disruptions due to US-Iran tensions.
•The reduction aims to ensure the public continues to purchase diesel at the original retail price.
•The reduction on Jan 30, 2026, is expected to decrease daily revenue for the fund by approximately 33.67 million Baht.
•Prior reductions in the diesel contribution rate occurred on Jan 14, 2026 (0.50 Baht/litre) and Jan 23, 2026 (0.80 Baht/litre).
•The Oil Fund's overall balance was a deficit of 428 million Baht as of Jan 25, 2026.
•The Fuel Fund Office (สกนช.) is tasked with monitoring global oil market situations to assess future impacts on domestic fuel prices.

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Key Quotes

Oil Fund Committee (กบน.)

"So that the public can use diesel at the original price, even though global oil prices have risen."

เพื่อประชาชนได้ใช้น้ำมันดีเซลในราคาเดิม แม้ราคาน้ำมันในตลาดโลกปรับตัวสูงขึ้น

Internal Document (Implied)

"Reduce the fuel fund contribution rate for diesel by 0.50 Baht per litre."

ลดอัตราเงินกองทุนน้ำมันเชื้อเพลิงสำหรับน้ำมันดีเซลลง 0.50 บาทต่อลิตร

Key Entities

Organization

Oil Fund Committee(กบน.)

The regulatory body responsible for managing Thailand's oil fund and setting fuel prices.

Oil Fund(กองทุนน้ำมันเชื้อเพลิง)

A strategic national reserve fund in Thailand aimed at managing fuel price stability.

Fuel Fund Office(สกนช.)

The administrative body that monitors the oil market and implements decisions of the Oil Fund Committee.

Policy

Diesel(น้ำมันดีเซล)ℹ️

A type of fuel whose contribution rate to the national oil fund has been repeatedly adjusted in January 2026.

Place

United States(สหรัฐฯ)ℹ️

A major global economic power whose potential actions are cited as a factor affecting international oil prices.

Iran(อิหร่าน)ℹ️

A major crude oil producer whose potential conflicts with the United States are seen as a risk to global oil supply.