The Fuel Fund Management Committee (FFMC) decided to cut retail prices of all fuel types by 0.85 baht per liter, effective 8 May 2026, following a decline in global oil prices amid easing concerns over the US-Iran conflict.
On 7 May 2026, the Fuel Fund Management Committee approved a 0.85 baht per liter retail price cut across all fuel types to reflect a weakening global market. Investor worries about the US-Iran conflict eased after reports of a temporary ceasefire and the reopening of shipping routes in the Strait of Hormuz. On 7 May 2026, global diesel prices closed at about 149 US dollars per barrel, and gasoline at about 128 US dollars per barrel, down from 179 and 138 US dollars per barrel respectively on 30 April 2026. The new fund contribution rates effective from 8 May 2026 are as follows.
For diesel fuels, the levy on regular gas oil increased by 0.63 baht per liter to 1.17 baht per liter, resulting in a retail price of 39.95 baht per liter. The subsidy on B20 diesel was reduced by 0.44 baht per liter to 5.38 baht per liter, lowering its retail price to 32.95 baht per liter. The premium diesel levy increased by 0.63 baht per liter to 2.67 baht per liter.
For gasoline and gasohol fuels, the gasoline levy increased by 0.53 baht per liter to 9.87 baht per liter, making the retail price 52.04 baht per liter. Gasohol 95's levy rose by 0.41 baht per liter to 2.58 baht per liter, with a retail price of 42.45 baht per liter. Gasohol 91's levy also rose by 0.41 baht per liter to 2.58 baht per liter, resulting in a retail price of 42.08 baht per liter. The subsidy on Gasohol E20 was reduced by 0.27 baht per liter to 2.61 baht per liter, lowering its retail price to 35.45 baht per liter. Gasohol E85's levy decreased by 0.46 baht per liter to 1.39 baht per liter, resulting in a retail price of 31.39 baht per liter.
This price reduction not only helps ease living costs for the public but also improves the liquidity management of the Fuel Fund Management Committee, with fuel fund revenues averaging about 75.65 million baht per day.