Diesel refining margin cut to drop price by 2.14 bahtBangchak petrol station on Thepharak Road in Samut Prakan puts up a sign, urging the public to exchange two litres of used cooking oil for one litre of fuel, at its entrance on Tuesday. The Oil Fuel Fund Management Committee is scheduled to meet on Wednesday to announce a new retail diesel price as quickly as possible.The total reduction, including tax adjustments, is expected to reach about 2.14 baht per litre, said the minister. “The decision to cut the refining margin by 2 baht was based on data from March, when refining margins surged to as high as 7 baht per litre, compared with the normal range of 2–4 baht,” he said. Authorities will continue to assess whether the full reduction should be passed on to consumers or partly used to ease the burden on the Oil Fuel Fund. Further discussions are expected in mid-April to consider whether deeper cuts of 2–5 baht per litre may be appropriate, depending on energy price trends.

Source: Bangkok Post April 07, 2026 13:21 UTC