Oil Prices Cut; Diesel Down 2.56 Baht, Gasoline Down 2.51 Baht/Liter Effective July 8

MGR Online•Economy•18d ago

Reader Briefing

Thailand's Oil Price Institute announces a reduction in prices for all fuel types, effective July 8th.

•The Oil Price Institute (กบน.) has voted to lower prices for all oil categories.
•Diesel prices will be reduced by 2.56 Baht per liter.
•All gasoline types will see a price decrease of 2.51 Baht per liter.
•The price adjustment will take effect on July 8, 2026 (July 8).

Overview

•On July 7, 2026, a meeting of the Oil Fund Committee (กบน.) was held.
•The Oil Fund Committee (กบน.) announced a resolution on July 7, 2026, to adjust downward the prices of all oil types.
•The price of diesel will be reduced by 2.56 Baht per liter.
•The price of all gasoline types will be reduced by 2.51 Baht per liter.
•The price reduction for all oil types is effective from July 8, 2026.
•The decision was made following an order from the Prime Minister for the Minister of Energy to adjust domestic oil prices to reflect lower global oil costs.
•The Minister of Energy convened an urgent meeting of the Energy Policy Administration Committee (กบง.) and the Oil Fund Committee (กบน.) on the evening of July 7th.
•The purpose of the meeting was to consider measures to reduce oil prices in line with decreasing costs, ensuring retail prices reflect these lower costs without waiting for reference prices from the Singapore market if crude oil costs have already decreased, in order to benefit the public quickly.

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Key Quotes

คณะกรรมการกองทุนน้ำมันเชื้อเพลิง (กบน.)

"The Oil Fund Committee meeting on July 7, 2026 resolved to reduce prices of all oil types. The diesel group will decrease by 2.56 Baht/liter, and all gasoline types will decrease by 2.51 Baht/liter, effective July 8."

ที่ประชุมกบน.เมื่อวันที่ 7 ก.ค.2026 มีมติปรับลดราคาน้ำมันทุกชนิด โดยกลุ่มน้ำมันดีเซลลดลง 2.56 บาท/ลิตร กลุ่มน้ำมันเบนซินทุกชนิด ลดลง 2.51 บาทต่อลิตร มีผลวันที่ 8 ก.ค.นี้

Key Entities

Organization

Oil Price Institute(กบน.)

The organization that resolved to reduce oil prices in Thailand.

Ministry of Energy(กระทรวงพลังงาน)

The ministry responsible for implementing the oil price adjustment.

Energy Policy Administration Committee(คณะกรรมการบริหารนโยบายพลังงาน (กบง.))

A committee that held an urgent meeting to discuss oil price reductions.

Oil Fund Committee(คณะกรรมการกองทุนน้ำมันเชื้อเพลิง (กบน.))

The committee that resolved to reduce oil prices and met urgently.

Person

Prime Minister(นายกรัฐมนตรี)

The head of government who ordered the price reduction for domestic oil.

Ekkanat Phromphan(นายเอกนัฏ พร้อมพันธุ์)

The Minister of Energy who was ordered to adjust domestic oil prices.