Oil Fund Stabilizes Diesel at 30.94 Baht, Monitors Global Prices

Khaosod•Economy•268d ago

Reader Briefing

Thailand's Oil Fund Committee maintains diesel price at 30.94 Baht/litre by reducing collection rates while closely monitoring international oil market fluctuations.

•The Oil Fund Committee (กบน.) has reduced diesel price stabilization fund contributions three times in January, totaling 1.80 Baht/litre.
•The retail price of diesel is maintained at 30.94 Baht/litre to alleviate public cost of living pressure.
•The committee will continue to monitor global oil market dynamics, especially potential impacts from geopolitical events.

Overview

•The Oil Fund Committee (กบน.) reduced diesel fund contributions by 0.50 Baht/litre.
•The reduction on January 25, 2026, was the third in January, totaling 1.80 Baht/litre.
•The Oil Fund Committee (กบน.) approved the adjustment to a collection rate of 0.20 Baht/litre from the previous 0.70 Baht/litre.
•The price reduction aims to maintain the retail price of diesel at 30.94 Baht/litre for the public.
•This stabilization occurs despite projections of global oil supply disruptions if the US attacks Iran, a major oil producer.
•The Ministry of Energy assured the public that domestic fuel prices would not unduly burden their living costs.
•The Fuel Fund Office (สกนช.) is tasked with monitoring global oil market situations to assess future domestic retail price impacts.
•The fund's net deficit stood at 428 million Baht as of January 25, 2026.

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Key Quotes

Ministry of Energy Representative

"We ask the public to be confident that domestic fuel prices will not excessively impact people's livelihoods."

ขอให้ประชาชนมั่นใจได้ว่า ราคาน้ำมันเชื้อเพลิงในประเทศจะไม่ส่งผลกระทบต่อการดำรงชีพของประชาชนมากจนเกินไป

Key Entities

Organization

Oil Fund Committee(กบน.)

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

Fuel Fund Office(สกนช.)

The office responsible for monitoring the oil market and assessing impacts on domestic fuel prices.

Place

United States(สหรัฐ)ℹ️

A geopolitical player whose potential actions regarding Iran could impact global oil prices.

Iran(อิหร่าน)ℹ️

A major crude oil producer whose geopolitical situation is being monitored for its impact on global oil prices.

Timeline

Jan 25, 2026(25 ม.ค.2569)

The date as of which the Fuel Fund's financial status was reported.