Thailand Approves 4.47 Billion Baht Diesel Subsidy
Thailand's government approved a 4.48 billion baht diesel subsidy reducing prices by 2.40 baht per liter for 31 days starting August 16, marking the sixth round of relief funded by refinery surplus profits.
Thailand's Energy Policy Management Committee has approved an additional 4.475 billion baht in refinery surplus profits to subsidize diesel prices for 31 days starting August 16, 2025. Energy Minister Eknath Promphan announced that the reduction of 2.40 baht per liter applies to all diesel grades at refineries, with the move marking the sixth round of such subsidies totaling approximately 17.422 billion baht in cost-of-living relief.
The decision comes as Thailand's six refineries generated a combined surplus of about 9.735 billion baht during July 2025. Of this, 2.815 billion baht was allocated in an earlier subsidy round, leaving 6.920 billion baht. The latest 4.475 billion baht allocation will deplete the fund to approximately 2.445 billion baht remaining for future management. The government is continuing to monitor global oil market volatility and refining costs to determine future subsidy measures, with officials emphasizing the need to balance consumer relief with fair treatment of all sectors.
