The retail fuel price crisis in Thailand is analyzed by comparing trends from September to October 2026, along with key driving factors and important issues for Thai citizens to address.
Retail fuel prices in Thailand steadily increased throughout September to October 2026, affecting diesel and gasoline/gasohol categories, clearly adding pressure to living costs and domestic transportation expenses.
Comparison table of retail fuel prices (September vs. October 2026)
Fuel price movements referenced from major gas stations between late September and mid-October 2026.
Fuel type | Late September 2026 (baht/liter) | Mid to late October 2026 (baht/liter) | Change (baht/liter) |
Diesel B20 | 36.44 | 37.19 | +0.75 |
Standard Diesel (B7/Regular) | 41.44 | 42.94 | +1.50 |
Gasohol E20 | 34.94 | 36.44 | +1.50 |
Gasohol 91 | 39.57 | 41.07 | +1.50 |
Gasohol 95 | 39.94 | 41.44 | +1.50 |
Gasoline 95 | 48.93 | 50.43 | +1.50 |
Analysis of the main reasons behind the fuel price increase
International volatility and geopolitics: Conflicts in the Middle East, such as attacks by the Houthi group and regional fighting, continue to impact supply risks and crude oil transportation in the global market.
Demand recovery in autumn: Western markets enter energy stockpiling ahead of winter, pushing global crude oil prices higher.
Fuel Fund burden framework: Thailand's Fuel Fund has long borne subsidy costs, necessitating gradual retail price adjustments to more accurately reflect actual costs and safeguard the fund's financial stability.
Key points Thai people should know and prepare for
Transportation costs and goods prices: The diesel price increase, critical for transportation and public transit sectors, will trigger a chain effect on prices of consumer goods and fresh food in the near term.
Travel planning and budget management: It is advisable to plan routes, use public transport, or consider eco-driving techniques to reduce fuel consumption.
Monitor government assistance measures: Close attention should be paid to Ministry of Energy announcements regarding excise tax adjustments or new subsidy allocations to stabilize crude prices if global market volatility intensifies.