BANGKOK, Thailand – Thailand’s Energy Policy Administration Committee (EPAC) has approved another 31-day reduction in the refinery price of diesel, using an estimated 4.475 billion baht in excess refining benefits to help ease the cost of living. The measure will cut the refinery price of diesel by 2.40 baht per litre from August 16 to September 15, 2026, covering Diesel B0, B7 and B20.
Energy Minister Aknat Promphan said the latest measure is the sixth time the government has used excess refining benefits to reduce the burden on consumers. The total value of excess refining benefits redirected for this purpose will reach approximately 17.422 billion baht. The decision follows continued uncertainty in global oil markets, with crude and refined oil prices moving in different directions amid refining capacity constraints and supply concerns in some regions. Oil shipments through the Strait of Hormuz also remain an important factor influencing crude oil prices.
Data from six oil refineries showed excess refining benefits of approximately 9.735 billion baht during July 2026. Around 2.815 billion baht had already been allocated for a refinery-price reduction under an EPAC decision on July 23, leaving approximately 6.92 billion baht. Under the latest decision, about 4.475 billion baht of the remaining amount will be used to reduce diesel refinery prices, leaving approximately 2.445 billion baht for further management. The Energy Ministry said the government will continue monitoring global oil prices, refining costs and refinery-price components closely to ensure energy-price management remains appropriate and fair to all sectors. (TNA)
