Bangkok: The Oil Fund is recovering and anticipates paying off all its debt by 2029. The Oil Fund Office has reported its fiscal year 2025 performance, showcasing a clear recovery. The company’s financial position has fallen to a deficit of 13.274 billion baht, marking the lowest point in three years. The company is optimistic about fully repaying its loan debt by 2029 and is poised to implement its “Quick Big Win” policy to ensure fair and sustainable energy prices.

According to Thai News Agency, Mr. Pornchai Chirakulpaisan, Director of the Policy and Planning Office of the Oil Fund Office (OILF), revealed the operating results for fiscal year 2025 (October 1, 2024 – September 30, 2025). These results reflect the success of the Oil Fund’s management in alignment with government and Ministry of Energy policies, targeting the reduction of energy costs, the increase of people’s income, and the creation of energy price stability.

The fuel price situation in 2025 is expected to fluctuate but not significantly. Dubai crude oil averages US$70.60 per barrel, diesel averages US$87.73, gasoline averages US$80.98, and LPG averages US$548.68 per ton, down from last year’s average of US$79.57. It is anticipated that in 2026, oil prices will remain lower than this year, with Dubai crude oil averaging US$60-70 per barrel.

In 2025, the Oil Fund achieved significant milestones in five key areas: reducing the price of diesel and gasoline during Songkran by lowering the fund collection twice, each time by 0.50 baht/liter, resulting in a 1 baht/liter reduction in retail prices; maintaining diesel prices during the Israel-Iran war by reducing contributions to the mutual fund five times in a week, keeping diesel prices below 32 baht/liter; adjusting the collection rate to support the new excise tax by aligning the fund contribution rate with the excise tax level to shield consumers from tax hikes; fixing the price of LPG gas at 423 baht per 15 kg tank, a policy continuously implemented from 2023 until the end of November 2025 to ease living costs; and restoring the fund’s status by reducing debt to 31,804 million baht, down from a deficit exceeding 99 billion baht, now at 13,274 million baht, the lowest level in three years.