Thailand Announces Fuel Price Reductions Effective October 29
The Oil Fuel Fund Office has approved a price cut for diesel and gasohol, effective early Wednesday morning.
According to a report by Khaosod Online Thailand on October 28, 2026, the Oil Fuel Fund Committee (OFFC) has officially approved a restructuring of fuel subsidies, leading to an immediate reduction in retail prices at the pump.
Starting at 5:00 AM on October 29, 2026, the price of B7 diesel will decrease by 1 baht per liter, bringing the retail price to 42.54 baht per liter. Simultaneously, Gasohol 91 and 95 will see a price reduction of 0.50 baht per liter, resulting in a new retail price of 41.54 baht per liter for Gasohol 95.
This adjustment follows a decision by the OFFC to modify the compensation rates provided by the Oil Fuel Fund. For residents and travelers, this change offers a modest relief in transportation costs across the country. While these price drops are confirmed for the specified fuel types, consumers should note that fuel prices remain subject to market fluctuations and future policy adjustments by the committee. It remains to be seen how long these specific subsidy levels will be maintained or if further adjustments will be required to stabilize the fund in the coming months.
