(File photo: Pattanapong Hirunard)Thailand has abandoned attempts to cap domestic fuel prices that have been pushed up by the Middle East war, and instead will offer targeted assistance for the sectors hardest-hit by high prices. The government on March 2 announced price caps on the most widely used transport fuels, saying it would not let diesel move past 33 baht a litre. As a result, the state Oil Fuel Fund spent 20 billion baht in the space of three weeks to subsidise fuel prices at a rate of about 1 billion baht a day. In the public transport and logistics sectors, about 360,000 truck drivers and 30,000 public transport drivers will receive fuel subsidies. The Ministry of Transport, meanwhile, will to provide fishermen with B20 diesel (diesel with 20% palm oil content), which is cheaper than conventional diesel by five baht per litre.

Source: Bangkok Post March 25, 2026 09:20 UTC