Thailand Cuts Fuel Prices by Up to 2.56 Baht Per Liter
Thailand's Fuel Fund Management Committee approved price cuts for all fuel types effective July 8, with diesel dropping by up to 2.56 baht per liter following global oil market weakening and eased Middle East tensions.
Thailand's Fuel Fund Management Committee (OFOC) has approved price cuts for all fuel types effective July 8, 2025, following directives from the Cabinet meeting on July 7. Diesel B7 and B20 prices drop by 2.56 baht per liter, while gasoline and gasohol prices decrease by 2.51 baht per liter, supporting economic and industrial development.
The price reduction reflects weakening global oil market trends after investors eased concerns about Middle East tensions, particularly following positive progress in negotiations and the reopening of energy shipping routes through the Hormuz Strait. Global oil prices as of July 7 stood at approximately 118 USD per barrel for diesel and 97 USD per barrel for gasoline.
For diesel fuels, the fund increased compensation for B7 to 2.90 baht per liter, resulting in a retail price of 34.94 baht per liter, while B20 compensation rose to 8.46 baht per liter at a retail price of 29.94 baht per liter. Premium diesel carries a collection rate of 1.50 baht per liter.
For gasoline and gasohol products, collection rates were reduced to 7.99 baht per liter for 95 octane gasoline (43.93 baht retail), 0.42 baht per liter for Gasohol 95 (34.94 baht retail), and 0.42 baht per liter for Gasohol 91 (34.57 baht retail). E20 gasohol received increased compensation of 3.71 baht per liter (29.94 baht retail), while E85 gasohol compensation rose to 4.65 baht per liter (25.88 baht retail).
These adjustments immediately reduce living costs for citizens while improving industrial sector operations. The fuel fund will absorb approximately 213.91 million baht in net daily expenses.
Energy Minister Eknath Prom-On, chair of the Energy Policy Committee, confirmed the Cabinet's directive to reduce fuel prices as much as possible in line with declining global crude oil prices. The committee invoked emergency fuel shortage legislation and approved a retail price ceiling not exceeding 35 baht per liter for gasohol and fast-spinning diesel, delegating rate adjustments to the Fuel Fund Management Committee.
