Update on average oil prices in ASEAN countries on 26 Mar 2026: How much is Thailand's price after a sudden 6 baht per liter oil price hike?
Today (26 Mar 2026), Thailand adjusted its prices upward. For gasoline and diesel fuel, prices rose by 6 baht per liter, and premium fuels increased by 8 baht, resulting in the latest Thai fuel prices as follows.
At a press briefing by the Center for Middle East Conflict Situation Management (CMEC), Pornchai Jirakulpaisan, Director of the Policy and Planning Office at the Fuel Fund Office (FFO), said the ongoing unrest in the Middle East shows no sign of resolution, causing global oil prices to soar, which in turn impacts retail fuel prices in every country.
The rising oil prices have drained the Fuel Fund's liquidity, deepening its deficit currently at 35 billion baht, with outflows of 2 billion baht daily. This forced the Fuel Fund to reduce subsidies, lowering the subsidy for regular fast-moving diesel to 19.12 baht per liter, down from 26.99 baht per liter on 24 Mar.However,support still continues for certain fuel groups such as diesel and gasohol.
Thailand is not alone in facing higher fuel prices; last night, neighbor Malaysia raised diesel prices by as much as 7 baht per liter. Overall, Thailand’s fuel prices remain comparatively low, not exceeding those of neighboring countries.
Meanwhile, data from the Energy Policy and Planning Office (EPPO), Ministry of Energy, reveals average oil prices in ASEAN on 26 Mar 2026 as follows:
Singapore: 87.25
Laos: 62.35
Myanmar: 59.87
Cambodia: 55.72
Philippines: 54.50
Thailand: 41.05
Vietnam: 37.08
Malaysia: 31.96
Indonesia: 24.00
Brunei: 13.54
Singapore: 100.26
Myanmar: 68.26
Philippines: 66.71
Laos: 64.14
Cambodia: 57.76
Vietnam: 47.16
Malaysia: 45.59
Thailand: 38.94
Indonesia: 28.32
Brunei: 7.92
Price data as of 26 Mar 2026 references exchange rates (mid-rate) on that date, except Myanmar, Laos, Cambodia, and Vietnam which use international market rates (mid-rate). Thailand’s reference price is for Gasohol 95 (E10) from PTT and Bangchak, the two largest distributors.
Each country applies different tax policies, fund collection systems, and subsidies. Many neighboring countries still subsidize fuel prices. Thailand supports the use of gasohol by subsidizing it, making it cheaper than gasoline.