Fuel Prices Drop as Oil Fund Cuts Diesel and Gasohol Rates
The user wants a short summary (1-2 sentences, 120-220 characters max 240) for a news deck. The article is about fuel price drops in Thailand due to Oil Fuel Fund Committee adjustments effective Oct 29. Key points: diesel B7 down 1 baht to
On October 28, 2026, the Oil Fuel Fund Committee approved adjustments to fuel fund rates. The diesel B7 subsidy decreases by 0.38 baht per liter to 2.93 baht per liter, lowering the retail price by 1 baht per liter to 42.54 baht per liter. Gasohol E10-95 and E10-91 subsidies each fall by 0.16 baht per liter to 1.61 baht per liter, cutting retail prices by 0.50 baht per liter to 41.54 baht and 41.17 baht per liter respectively, effective October 29.
The price cut follows an Energy Policy Administration Committee decision to revise the pricing formula by eliminating freight, insurance, and transit loss costs previously calculated on the assumption that fuel was shipped from Singapore — even though most fuel is now refined domestically and those costs never actually occurred. The oil reserve fee is also reduced to two-thirds of its previous level to match actual reserve volumes.
Despite volatile global oil prices — Singapore diesel at around $171 per barrel and gasoline at $139 per barrel on October 28, leaving the fuel fund bearing a daily subsidy burden of roughly 253 million baht — the committee held other retail fuel prices steady to avoid impacting household costs. Amid the ongoing energy and cost-of-living crisis, the Ministry of Energy and related agencies have integrated the policy decision with the fuel fund mechanism to ensure energy prices reflect real costs fairly, so the public does not pay for phantom expenses, while easing immediate burdens and building a foundation for a fair and sustainable energy pricing structure for all Thais in the long term.
