The Thai government is preparing to cut domestic fuel prices by targeting what it describes as “unnecessary” cost components in the national pricing structure. The Ministry of ​Energy will ​recalculate ‌oil refining and marketing costs by ​Monday, which should lead to lower energy ​prices quickly, Finance Minister Ekniti ​Nitithanprapas said ‌on Thursday. The committee has concluded that both refinery margins and marketing margins should be revised downward. The review also covers the criteria for calculating wholesale and retail fuel prices under the fuel trade law. The Oil Fuel Fund has run up a deficit of 47 billion baht subsidising fuel prices.

Source: Bangkok Post April 02, 2026 14:37 UTC