Thailand Cuts Diesel Prices at Refineries by 2.40 Baht
Thailand cut diesel prices by 2.40 baht per liter at refineries through mid-August, using surplus refining profits to ease consumer costs and reduce pressure on the state oil fund.
Thailand's National Energy Policy Committee has approved a 2.40 baht per liter reduction in diesel prices at refineries from July 24 to August 15, 2025, drawing on surplus refining profits to relieve living cost pressures on consumers and reduce strain on the oil fund. Energy Minister Eknath Phromphanthum announced that the decision covers high-speed diesel in all grades—B0, B7, and B20—and aims to ensure fair cost transfer to consumers while maintaining the country's energy stability. The committee assessed global oil prices and refining costs during early July 2025 and found continued refining surpluses despite ongoing market volatility. Using criteria established by the fuel price committee, officials calculated the surplus from refining between July 1–15 at approximately 3,892 million baht based on assumed daily fuel consumption of 91.03 million liters, which will now be applied as a price reduction at refineries for high-speed diesel.
