Bangkok: The Fuel Fund Office (FFO) estimates that as of March 15, 2026, the Fuel Fund is in a deficit of 12,605 million baht, following the Prime Minister's policy to freeze diesel prices for 15 days.

According to Thai News Agency, the Oil Fund had a surplus of over 2 billion baht in February. However, after the Iran-Pacific conflict began on February 28, 2026, oil prices rose in line with the global market, prompting the Prime Minister to order a 15-day diesel price freeze, ending on March 16. This policy led to increased subsidies for diesel and gasoline, with current subsidies being 18.31 baht per liter for diesel, 8.77 baht for E10, and 9.85 baht for E20. The government's policy encouraged consumers and businesses to stockpile low-priced fuel before the price freeze ended, resulting in increased subsidy payments from the fund.

The Fuel Fund's financial status as of March 15, 2026, indicates a deficit of 12,605 million baht. The oil portion remains positive at 25,016 million baht, while the LPG portion is in deficit at 37,621 million baht. On March 1st, the fund was positive by 2,459 million baht, but by March 8th, it had turned negative by 786 million baht. By March 15th, the fund's deficit had widened to 12,605 million baht. This situation led to a rush of people filling up their tanks, causing transportation shortages and forcing gas stations to limit fuel dispensation, with many displaying signs indicating they were out of fuel.