Thailand Increases Fuel Prices Amid Global Supply Concerns
The Oil Fuel Fund Office (OFFO) has announced a 0.60 baht per liter price hike for several fuel types, effective October 21, 2026.
On October 20, 2026, the Oil Fuel Fund Office (OFFO) of Thailand announced a retail price increase of 0.60 baht per liter for Diesel B7, Gasohol E10 (95 and 91), and gasoline. This adjustment, which takes effect at 5:00 AM on October 21, 2026, excludes E20, E85, and Diesel B20, which will maintain their current prices.
According to Khaosod Online, the decision follows a surge in global oil prices driven by geopolitical tensions. Attacks on Saudi Arabian energy infrastructure and shipping vessels in the Persian Gulf have forced tankers to reroute around Africa, increasing transport costs and tightening supply in Singapore. Additionally, a larger-than-expected decline in U.S. crude oil stocks—dropping by 3.2 million barrels—has further pressured the market. As of October 20, 2026, diesel prices in the Singapore market reached approximately 178 USD per barrel, while gasoline hit 136 USD per barrel.
For residents and travelers in Thailand, this increase may lead to higher transportation and logistics costs. While the OFFO is attempting to manage the burden on the national fuel fund, the volatility of global energy markets remains a significant factor. It remains to be confirmed how long these price levels will persist and whether further adjustments will be necessary if global supply chain disruptions continue to impact regional fuel availability.
