thai fuel prices

Thai Fuel Prices Jump by Six Baht per Litre as Government Ends Subsidies

BANGKOK — Fuel prices across Thailand surged by six baht per litre on Thursday morning, marking the second increase in three days as the government abandoned costly subsidy programs in response to spiraling global oil prices driven by Middle East tensions.

Thai Oil Crisis Eases After Government Intervention

The price hike, effective from 5am, applies to diesel, benzine and all grades of gasohol — including Gasohol 95, Gasohol 91, E20 and E85. The increase follows a roughly two-baht rise implemented just two days earlier, compounding the financial strain on consumers and businesses already grappling with rising costs.

Subsidy Burden Becomes Unsustainable

The Oil Fuel Fund Executive Committee resolved on Wednesday to sharply increase retail prices, citing the unsustainable burden on the Oil Fuel Fund amid escalating global oil prices. The committee reported that the diesel price in Singapore had surged from US$198.20 per barrel on Monday to US$242.91 per barrel on Wednesday — a stark indicator of the volatility gripping energy markets.

The committee noted that maintaining subsidies at previous levels would have required the Oil Fuel Fund to shoulder an additional financial burden of approximately 2.592 billion baht per day, or roughly 80 billion baht per month — a level deemed unsustainable by authorities.

Regional Price Alignment

The committee said the price increase is also intended to maintain alignment with regional fuel prices, citing neighboring Malaysia, where diesel prices were raised from 32.40 baht per litre to 39.54 baht per litre on March 16.

New Retail Prices

The latest retail fuel prices, effective Thursday, are as follows:

  • Benzine: 49.64 baht per litre

  • Gasohol 95: 41.05 baht per litre

  • Gasohol 91: 40.68 baht per litre

  • Gasohol E20: 36.05 baht per litre

  • Gasohol E85: 32.79 baht per litre

  • High-speed diesel: 38.94 baht per litre

Consumer Relief Measures

While the government has ended its broad subsidy program, officials said they are considering targeted measures to help ease the impact on consumers. The sharp price increases are expected to have ripple effects across the economy, potentially driving up transportation costs and, in turn, the prices of goods and services.

Diesel Shortages Intensify Across Thailand, Pumps Run Dry

The decision to allow fuel prices to rise reflects the difficult balancing act facing policymakers as they seek to maintain fiscal discipline while protecting consumers from the full force of global energy market volatility. For now, motorists and businesses will bear the immediate impact of prices that have climbed dramatically in a matter of days.

-Thailand News (TN)

Similar Posts

  • | | |

    Nawaz Sharif fires warning: Politics must not beco…

    Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif has called for political tolerance, saying political rivalry is a normal part of democratic politics but differences should never turn into personal or political enmity. Addressing a PML-N meeting in Murree on Saturday, Nawaz Sharif said he was surprised by the Pakistan Peoples Party’s (PPP) objections regarding the Azad Jammu and Kashmir (AJK) elections. He noted that the PPP had previously been in power in AJK and said the political situation that emerged during the elections was a matter of concern for all political stakeholders. Nawaz said the situation had developed because previous governments had failed to properly fulfil their responsibilities. He stressed that political parties should respect democratic differences and avoid creating an atmosphere of hostility. The PML-N president said his party had always treated its political opponents with respect. He urged all political forces to demonstrate patience and tolerance and keep political disagreements within the limits of democratic debate. Nawaz Sharif said the PML-N had secured a simple majority after the first two phases of the AJK elections. The party has won 24 seats, while the PPP has secured 10 seats in the first two phases. The third phase of the election process is yet to be completed, with final results expected after the remaining polling process. Nawaz expressed confidence that the PML-N would form the government in AJK. He said the party would work to fulfil the commitments made to voters during the election campaign. He congratulated PML-N leaders and workers on their electoral performance and appreciated their efforts during the election campaign. Nawaz Sharif called for maximum financial resources to be provided to Azad Kashmir. He said improving the lives of the people and accelerating development should remain the government’s top priority. He claimed that the people of AJK were looking towards Punjab for development and better public services. Nawaz said development work had been initiated during Shehbaz Sharif’s tenure in Punjab and later expanded under Chief Minister Maryam Nawaz. He pledged that the PML-N would seek to replicate its development model in AJK. “The way we transformed Punjab, we will transform Azad Kashmir as well,” Nawaz said, while stressing that failing to deliver on promises made to voters could result in public disappointment. The PML-N president also praised Prime Minister Shehbaz Sharif and his team for their efforts to address Pakistan’s economic and administrative challenges. He said the government inherited an extremely difficult situation but was now working to improve the country’s overall position. According to Nawaz, economic conditions were gradually improving and efforts were underway to put Pakistan on a stronger and more sustainable footing. He said the government was also seeking to reduce Pakistan’s dependence on the International Monetary Fund (IMF) and move the country towards greater economic self-reliance.

  • | | | | |

    Iran warns countries helping US they could also be…

    TEHRAN/BISHKEK: Iran has issued a stern warning to countries that may support any future US military action against the Islamic Republic, saying states that assist or facilitate such operations could also face consequences and be held responsible under international law. The warning came as Iranian officials claimed that a US missile strike targeted a naval headquarters belonging to the Islamic Revolutionary Guard Corps (IRGC) in the country’s northern Gilan province, although the allegation has not been independently verified. Speaking at a regional meeting in Bishkek, Iranian Foreign Minister Abbas Araghchi said any country participating in, assisting or enabling military aggression against Iran would bear legal and political responsibility under international law. “Those who cooperate with or facilitate any act of aggression against Iran will be held accountable,” Araghchi said, adding that Tehran reserves the right to take all necessary measures to defend its sovereignty and national security. His remarks underscore the increasingly confrontational rhetoric between Tehran and Washington amid heightened regional tensions and fears of further military escalation. Meanwhile, Iran’s state news agency IRNA quoted Gilan Deputy Governor Ali Bagheri as saying that US missiles struck an IRGC Navy headquarters located in the coastal area of Zibakenar early Friday morning. According to Iranian officials, the attack damaged equipment inside the military installation. However, authorities said there were no immediate reports of casualties and did not provide additional operational details about the extent of the damage. The United States has not officially responded to Iran’s allegations, and no independent sources have confirmed that such a strike took place. The competing claims come as tensions between the two longtime rivals continue to intensify following a series of military confrontations and accusations exchanged in recent weeks. Regional security analysts warn that increasingly aggressive statements from both Tehran and Washington could further complicate the security environment across the Middle East, particularly if neighboring countries become involved in the dispute. Experts say Iran’s latest warning appears aimed at discouraging regional allies from providing logistical, intelligence or military support to any potential US operation. Such statements also signal Tehran’s intention to broaden accountability beyond direct military participants should hostilities escalate. Diplomatic efforts to reduce tensions have so far produced little visible progress, while both sides continue to exchange sharp warnings and accusations. With neither Washington nor Tehran showing signs of softening their positions, concerns remain that the already fragile regional security landscape could deteriorate further, increasing the risk of a broader confrontation involving additional regional actors.

  • | |

    UAE resumes visit visas for Pakistanis

    The United Arab Emirates (UAE) has resumed issuing visit visas to Pakistani citizens applying through registered travel agents, ending months of uncertainty for travelers and offering fresh hope to families, tourists and business visitors. The move has been confirmed by travel industry representatives and a UAE Embassy official, who said visit visas for holders of ordinary Pakistani passports are once again being processed through authorized travel agencies. The resumption comes after months of delays, stricter scrutiny and a higher rejection rate that had created difficulties for thousands of Pakistani applicants. Although UAE authorities repeatedly maintained that no blanket ban had been imposed on Pakistani nationals, many travelers experienced lengthy processing times and uncertainty over visa approvals. Travel experts say the biggest improvement has been seen in family applications. Pakistani citizens traveling with family members or visiting relatives in the UAE are reportedly receiving faster responses than before, reflecting a more streamlined processing system. Officials from the travel industry also noted that tourism-related bookings have started to recover as confidence returns. Passenger traffic between Pakistan and Dubai, which had dropped significantly during recent regional tensions and stricter visa checks, has begun to increase in recent weeks, although it remains below previous peak levels. Applicants seeking a UAE visit visa are advised to apply only through registered travel agents and ensure all required documents are complete. A valid passport, recent photographs, proof of accommodation or an invitation from a host, return travel arrangements and evidence of sufficient financial resources are among the documents generally required for processing. Industry representatives believe applicants with complete and genuine documentation are more likely to receive approvals, while family applications currently appear to have stronger prospects.

  • | |

    Crude oil spills onto road after pipeline leak in …

    KARACHI: An underground oil pipeline developed a leak on Khayaban-e-Sehar, Street 13, in Karachi’s Defence area, causing crude oil to spill onto the road. According to police, the leakage resulted in crude oil spreading across the affected section of the road. The road has been closed to traffic as a precautionary measure to ensure public safety and facilitate repair work. A DHA vigilance team reached the site after being informed about the incident. The relevant authorities were also alerted and teams were deployed to assess the situation. Police said the pipeline is quite old and runs beneath the middle of the road. The National Refinery stopped the supply through the affected line after the leakage was reported and immediately began repair work. Officials are currently working to repair the damaged pipeline and control the oil leakage. Traffic restrictions will remain in place until the repair work is completed and the affected road is considered safe for motorists and pedestrians. No casualties or injuries have been reported in connection with the incident so far.

  • | |

    Court extends remand of PAF officer’s murder sus…

    An anti-terrorism court (ATC) in Islamabad has granted police another seven days of physical remand of Saad Abbasi, who is accused of killing Pakistan Air Force (PAF) Group Captain Asim Tariq. Abbasi was produced before the court on Monday after completing his initial seven-day physical remand. ATC Judge Abul Hasnat Muhammad Zulqarnain heard the case. The prosecution requested an additional 15 days of physical remand to continue the investigation. Prosecutor Raja Naveed Hussain Kayani told the court that police had recovered the pistol allegedly used in the killing. He said the suspect had allegedly concealed the weapon after the incident. The prosecution also informed the court that investigators had yet to recover the suspect’s mobile phone. Police said the phone could provide further information relevant to the investigation. After hearing arguments from the prosecution, the court reserved its decision on the remand request. The court later approved seven more days of physical remand. Abbasi was handed back to police custody for further investigation. The court directed police to produce the suspect before it again after the completion of the additional remand period. The case relates to the death of Group Captain Asim Tariq in Islamabad on July 5. According to the investigation, the PAF officer intervened when the suspect allegedly attempted to forcibly take a woman away. The situation reportedly escalated after Tariq intervened. The suspect allegedly opened fire, and the officer was struck by a bullet. Tariq succumbed to his injuries and was later declared a martyr. Islamabad police arrested Abbasi within nine hours of the incident. Investigators are continuing to examine the circumstances surrounding the shooting. Police are also working to recover the suspect’s mobile phone and gather additional evidence.

  • | |

    Award-winning ‘Ghost School’ denied cinema cer…

    British-Pakistani filmmaker Seemab Gul’s award-winning film Ghost School has been denied certification by the Sindh Board of Certification, preventing its theatrical release in the province where the film is set. The decision has sparked discussion about artistic expression, girls’ education and the portrayal of social issues through cinema. Gul has appealed to the Sindh Board to reconsider its decision. She said the film was made from a child’s perspective and aims to encourage audiences to think about education and the challenges faced by children. The filmmaker said she had asked the board to explain the reason for refusing certification but had not received an explanation. Despite the decision in Sindh, Ghost School has already gained recognition at several international film festivals. The film won the Best Director award at the UK Asian Film Festival. It also premiered at the Toronto International Film Festival, where it received a nomination in a major competition category. It was later screened at the Red Sea Film Festival in Jeddah. The film also received an honourable mention at the Indian Film Festival of Los Angeles and secured a special award at the Asian, African and Latin American Film Festival. The film follows 10-year-old Rabia, who tries to understand why the only school in her rural village has stopped operating. Through the young girl’s journey, the story examines barriers to girls’ education, resilience and problems within publicly funded schools. The film focuses on the issue of so-called “ghost schools”. These are schools that exist officially but are no longer functioning properly as educational institutions. Gul explained that some such schools were never fully completed. They may lack basic facilities such as doors, windows, water, electricity or gas. In other cases, she said, schools were completed and teachers initially worked there, but operations eventually stopped. The filmmaker described the issue as a serious challenge in Pakistan, where millions of children remain outside the formal education system. Gul said the film was not intended simply to highlight a problem. Instead, she wanted to tell the story through a child’s eyes and encourage discussion about access to education. The refusal to certify the film in Sindh has therefore raised broader questions about whether filmmakers should be able to explore sensitive social issues through cinema. Gul has urged the provincial certification authority to review its decision and allow audiences to watch the film.

Leave a Reply

Your email address will not be published. Required fields are marked *