Economy
Thailand Extends LPG Price Cap Through October 2026
The Ministry of Energy has extended the price freeze on 15kg cooking gas cylinders at 423 baht for another three months to mitigate global market volatility.
According to Khaosod Online Thailand, the Thai Ministry of Energy has announced an extension of the current price cap on liquefied petroleum gas (LPG). The retail price for a standard 15-kilogram cooking gas cylinder will remain fixed at 423 baht until October 31, 2026.
Weerapat Kiatfuengfoo, Deputy Permanent Secretary and spokesperson for the Ministry of Energy, stated that this decision aims to shield households from the impact of fluctuating global energy prices. The ministry cited ongoing instability in the global market, specifically noting concerns regarding potential disruptions in the Strait of Hormuz due to conflicting reports from the United States and Iran. To maintain this price ceiling, the ministry has increased the subsidy provided through the Oil Fuel Fund from 7.2209 baht per kilogram to 9.8642 baht per kilogram.
For residents and long-term visitors, this measure provides temporary stability in household utility costs despite international market uncertainty. The government continues to monitor global oil and gas trends to manage domestic fuel prices. While the price is secured through the end of October, the long-term sustainability of these subsidies remains subject to future global market conditions and the ongoing management of the Oil Fuel Fund. Travelers and residents should remain aware that energy costs may be subject to further adjustments once this extension period concludes.