Thailand has raised the retail price of diesel to 33 baht per litre from 24 March 2026, as authorities seek to ease mounting pressure on the state Oil Fuel Fund. The move follows a decision by the Oil Fuel Fund Management Committee to reduce diesel price subsidies. The adjustment is expected to have an immediate impact on transport costs and fuel expenses nationwide.

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The decision comes amid a sharp rise in global energy prices, driven in part by escalating tensions in the Middle East, particularly following attacks involving Iran. Diesel prices in the Singapore market surged from about 92 U.S. dollars per barrel to 223 dollars, an increase of 131 dollars. This spike translates into an estimated rise in costs of around 26 baht per litre.

Pornchai Jirakulpisan, director of policy and planning at the Oil Fuel Fund Office, said the fund has been absorbing compensation costs of nearly 2.4 billion baht per day, or roughly 70 billion baht per month. The sustained financial burden has prompted urgent measures to preserve the fund’s liquidity. Officials said maintaining long-term price stability is a key objective of the adjustment.

Authorities also aim to narrow the price gap with neighbouring countries to deter fuel smuggling and stockpiling. Malaysia, for instance, raised its diesel price to around 38.70 baht per litre as of 16 March. Officials warned that significantly lower domestic prices could encourage illegal exports and profiteering, resulting in resource leakage.

The Energy Ministry stated that the increase is necessary to balance the fund’s financial stability with national energy security. It added that efforts will continue in coordination with relevant agencies to mitigate the impact on the public. The policy reflects ongoing concerns over both fiscal sustainability and supply security.

Khaosod reported that authorities are expected to monitor global oil price movements and adjust policies accordingly. Further measures may be considered if volatility persists in international energy markets. Officials have indicated that maintaining a balance between consumer protection and financial stability will remain a priority.

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Adapted by ASEAN Now Khaosod 25 Mar 2026

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Already seen yesterday afternoon.

And not only Diesel was raised.

33 Baht is the "starting" price.

0.5 more is usual up here.

Was about time, while the current situation requires a lot more than 10%.

I go exercise my buffalos.

It was predicted that the price would be 33 THB, but still it most not be capped. If people have use less fuel the prices must rise. It will be a normal effect that people will drive less and/or find smarter ways to save petrol., which results in less use .. If prices are being capped nothing will change.. If the price is 38, make it 38, but I know Thailand want to satisfy everybody and that is just impossible, taxis, vans, transportation, tourism everybody will be affected, not only in Thailand but all over the world. Yesterday in the Dutch news that capping fuel prices is too expensive for the Government, but other ways to help the weak is better, cheaper and more effective

Hopefully supply stablises, need to start using the pickup as the work comuter again as my fuel card does not cover E85 I use in my other car.

Its over 40 baht now, the've started burning waste oil in their trucks that last week or so, you can smell it.

91 is 38 now

@Slowhand225 BS, unless using premium

4 hours ago, KhunLA said:

@Slowhand225 BS, unless using premium

Im in Kanchanaburi, I didn't say anything about BK

Thank the heavens.......this rise in price is bound to suddenly make more fuel available at the pumps.

20 minutes ago, Slowhand225 said:

Im in Kanchanaburi, I didn't say anything about BK

Prices aren't that much higher outside BKK, maybe 50 satang, like down here, usually less than 1 baht more than widget price. Like KhunBENQ posted

Changed again, up 6 baht from today.

Stopped at 5 petrol stations this morning in Pattaya (none had any diesel so I had to go home and get my other car) and they were all up around 38.5.

Isn't it time to close this thread?

All numbers ridiculed by the massive increase of today 26th March.