Thailand to Reduce Retail Diesel Pump Prices by 2.24 Baht per Litre

What happened

Thailand to Reduce Retail Diesel Pump Prices by 2.24 Baht per Litre Thailand will reduce retail diesel pump prices by 2.14 baht per litre starting Thursday, April 9th, 2026, delivering immediate relief to motorists, businesses, transport operators, and farmers after the government invoked emergency powers to overhaul refinery pricing and ease the strain on the heavily indebted Oil Fuel Fund

Retail prices for B7 diesel are expected to fall to around 48.40 baht per litre, while B20 diesel will drop to about 43.40 baht per litre, effective from April 9 The Oil Fuel Fund, used to subsidize retail fuel prices during periods of high global costs, has sunk deeper into deficit, reportedly exceeding 56 billion baht as of early April 2026

Local context

Across Phuket, district offices, transport operators, and tourism businesses are monitoring official updates to adjust operations where needed.

Next developments

Refining margins had ballooned in recent months, reportedly reaching levels nearly double those of the previous year (around 17.50 baht per litre in early April), which the government viewed as excessive amid the crisis Officials indicated that the reduction could be expanded to 3–5 baht per litre if global conditions allow, with periodic reviews every three weeks

Source: https://thephuketexpress.com/2026/04/08/thailand-to-reduce-retail-diesel-pump-prices-by-2-24-baht-per-litre/