Thailand Oil Fund Committee Cuts B20 and E20 Fuel Prices to 33.50 Baht per Liter
The Oil Fuel Fund Office has reduced the retail prices of B20 and E20 fuels to 33.50 baht per liter to lower living costs and support agricultural sectors.
According to Prachachat Business, the Oil Fuel Fund Committee (OFFC) has officially lowered the retail prices for B20 and E20 fuels to 33.50 baht per liter. This adjustment follows a recent Cabinet resolution to reduce fuel taxes, aiming to bring prices closer to levels seen before the recent economic crisis.
This price reduction makes B20 and E20 fuels approximately 8 to 10 baht cheaper than standard Diesel B7 and Gasohol 95. The initiative is designed to provide immediate relief to the public by lowering daily living expenses while simultaneously supporting farmers who produce palm oil, sugarcane, and cassava—the primary raw materials for these biofuels.
For residents and travelers in Thailand, this change may lead to lower transportation costs if using vehicles compatible with these fuel types. However, it is important to verify your vehicle's compatibility with B20 or E20 fuel before refueling, as not all engines are designed to handle these blends. While the price reduction is currently in effect, the long-term duration of these subsidized rates remains subject to future adjustments by the Oil Fuel Fund Committee based on global market conditions and domestic policy shifts.
