Economy
Thailand Maintains Fuel Prices Amid Global Market Surge
The Oil Fuel Fund Office (OFFO) has decided to freeze domestic retail fuel prices to protect consumers from record-high global oil costs.
On September 11, 2026, the Oil Fuel Fund Office (OFFO) of Thailand announced a decision to maintain current retail fuel prices across the country. This measure aims to alleviate the cost-of-living burden on the public, despite significant volatility in global energy markets. According to Khaosod Online, diesel prices in the Singapore market have surged to $191.91 per barrel, while gasoline has risen to approximately $148 per barrel.
These price hikes are primarily attributed to escalating geopolitical tensions in the Middle East, particularly incidents involving oil tankers in the Strait of Hormuz and the Red Sea. These disruptions have increased shipping and insurance costs, compounded by existing supply constraints from major producers and speculative market activity.
For residents and travelers in Thailand, this decision provides temporary stability at the pump, preventing immediate price spikes. However, the OFFO continues to monitor the situation closely and has urged the public to use energy efficiently to reduce reliance on imports. While the government is committed to maintaining price stability, the long-term sustainability of this policy remains subject to the duration of global supply chain disruptions and the volatility of international oil prices. Travelers should remain aware that while domestic prices are currently frozen, the global energy landscape remains highly unpredictable.
