BANGKOK, Thailand – The State Railway of Thailand (SRT) has confirmed it will not raise passenger fares despite the global energy crisis. The agency is seeking government subsidies to offset a 30% increase in operating costs caused by higher fuel prices.
SRT Deputy Governor and Acting Governor Anan Phonimdang acknowledged that volatile energy markets have pushed fuel costs beyond the current budget. To prevent additional financial burden on the public, the SRT will request a government subsidy to maintain current fares.
The SRT’s budget was based on a diesel price of 35 THB per liter, but current prices have risen to 50–60 THB per liter, increasing variable operating expenses by 30%. With an average daily consumption of 220,000 liters of diesel, the SRT faces significant liquidity strain due to uncontrollable fuel costs.
Despite these challenges, the SRT remains committed to maintaining stable fares. The agency will report its financial status to the Ministry of Transport to seek government support for energy costs. Officials stated that the SRT’s finances will stabilize if diesel prices return close to 35 Baht per liter.
Anan also noted that passenger volume is increasing. During the recent Songkran festival, all regular and supplemental train services operated at full capacity. The SRT will monitor the situation through September to develop long-term liquidity management plans. (NNT)
