Eknat revealed that the Energy Policy Committee has decided to reduce diesel refinery prices in two phases, starting with a 5 baht per liter cut from tomorrow, 24 April 2026, followed by a further 3 baht reduction beginning 10 May. The measure aims to ease the burden on the public while maintaining the country's energy stability.
23 April 2026 GMT+7 Mr. Eknat Promphan, Minister of Energy, revealed after the Energy Policy Committee meeting that the Committee approved a reduction in refinery prices for diesel fuel to alleviate the impact on the public's cost of living and to maintain the stability of the country’s energy prices during the energy crisis. They decided to repeal the Committee’s announcement dated 8 April 2026 and set new refinery price reduction rates for diesel B7, B10, and B20 in two phases: from 24 April 2026 to 9 May 2026, a reduction of 5.00 baht per liter; and from 10 May 2026 to 19 May 2026, a further reduction of 3.00 baht per liter.
This measure was considered after closely monitoring oil prices and refining costs. Following the Committee’s decision on 7 April 2026 to reduce diesel refinery prices by 2.00 baht per liter effective from 9 April 2026, this aims to help reduce the cost of living and lower retail fuel prices for the public.
Data collected and analyzed on refining costs from 1-16 April 2026 showed that, considering additional costs from the abnormal energy crisis situation—such as Crude Premium, Product Premium, War Risk Premium, transportation, and insurance—there remains an excess profit for refiners of 3.43 baht per liter. It is therefore appropriate to use this excess profit as a price discount at the refinery level for diesel fuel, so the public can benefit fairly while ensuring the continuity of refinery operations.
Additionally, relevant agencies have improved refinery reporting forms to higher standards, enabling more detailed and accurate cost breakdowns. This will support transparent, fair regulation of fuel price structures aligned with actual conditions.
The Minister of Energy also stated, “This measure aims to reduce the public’s energy expenses by balancing their cost of living with the country's energy stability. It seeks to provide tangible relief to the public while continuing refinery price reductions for diesel. The Committee will prepare and announce the second decree on refinery price reductions for diesel, to be published in the Royal Gazette and take effect immediately from 24 April 2026.”