Bangkok: The National Energy Policy Office (NEPO) has allocated funds to subsidize diesel prices by 18.31 baht per liter, aiming to keep the price from exceeding 30 baht as a short-term measure.

According to Thai News Agency, the Fuel Fund Management Committee (FFMC) is utilizing the Fuel Fund to maintain diesel prices and prevent them from surpassing the 30 baht per liter mark. This decision follows fluctuations in global oil prices impacting energy costs and the cost of living. The FFMC stresses that this intervention is temporary and intended to stabilize prices.

The Fuel Fund Office (FFO) announced that the Fuel Fund Board has issued Announcement No. 21 of 2026, detailing the fund's contribution, compensation, and refund structure. This initiative is designed to manage fuel prices in alignment with the National Energy Policy Council (NEPC) and the Fuel Fund Act of 2019. The measures aim to mitigate the financial strain on the public from rising oil prices, which could otherwise compromise the country's economic stability and energy security.

The Energy Policy and Planning Office (EPPO) clarified that while this measure is temporary, it adheres to the principle of aligning energy prices with actual costs and avoiding cross-subsidies. Under the new structure, diesel fuels receive the highest subsidy, with regular diesel and B20 getting 18.31 baht per liter, while premium diesel contributes 1.50 baht per liter to the fund.

For gasoline, the E20 group receives the highest compensation at 9.85 baht per liter, followed by Gasohol 95 and 91 at 8.37 baht per liter, and E85 at 2.28 baht per liter. Other fuel types, such as gasoline and kerosene, contribute 0.10 baht per liter, diesel 1.20 baht per liter, and fuel oil 0.06 baht per liter to the fund.

The announcement, signed by Ms. Pailin Fungkiat, Acting Director of the Fuel Fund Office, took effect from March 14, 2026, replacing all previous announcements. These measures apply to both domestic and imported oil, including a reimbursement rate for exports, ensuring fair management of the oil fund.

As of March 15, 2026, the Oil Fund reported a total deficit of 12,605 million baht, with a positive oil account balance of 25,016 million baht and a deficit in the LPG account at 37,621 million baht.