BANGKOK, Thailand – The Oil Fund Management Committee (OFMC) has approved maintaining the price of liquefied petroleum gas (LPG) at 423 baht per 15-kilogram cylinder for another month, from November 1–30. The measure is part of the government’s “Quick Big Win” policy aimed at easing living costs for citizens.
Prasert Sinsukprasert, Permanent Secretary of the Ministry of Energy, stated that the decision follows the expiration of the previous measure on October 31. The policy emphasizes tangible results to help citizens manage living expenses while maintaining national energy price stability, in line with guidance from Energy Minister Atthapol Rerkpiboon.
“The meeting discussed ways to continuously support citizens, balancing household burdens with the national economy, and preventing energy prices from sharply reflecting global market fluctuations,” Prasert said. “We will monitor international LPG prices closely as winter approaches, when prices tend to rise, to ensure citizens are protected from price shocks.”
Currently, the average LPG CARGO price from October 13–24, 2025, stands at USD 453.22 per ton, a level manageable for the fund. As of October 26, the Oil Fund’s overall liquidity remains sound despite a net deficit of 13,740 million baht, with a positive oil account of 27,745 million baht and an LPG account deficit of 41,485 million baht. (TNA)
