(Photo: Surachai Piragsa)The Oil Fuel Fund Office has defended the sharp six‑baht rise in fuel prices across Thailand, saying the increase was driven by soaring global oil prices and the need to maintain the fund’s financial stability. The increases followed a decision by the executive committee of the Oil Fuel Fund to cut subsidies to stabilise the fund’s finances. “We would like to assure the public that the Oil Fuel Fund is committed to maintaining appropriate domestic retail price stability,” he said. Whether the oil fund can cushion future volatility will hinge on its liquidity. “This round of reduced subsidies will help, but we cannot predict how high global prices may climb,” he said.

Source: Bangkok Post March 26, 2026 13:11 UTC