Bangkok: The Fuel Fund has announced a significant adjustment to diesel prices, marking the fifth revision in June, by increasing diesel compensation by 30 satang per liter.
According to Thai News Agency, Mr. Pornchai Chirakulpaisan, Director of the Policy and Planning Office at the Oil Fund Office, stated that the recent meeting of the Oil Fund Management Committee resulted in a decision to raise the Oil Fund's compensation rate for diesel from 35 satang per liter to 65 satang per liter. This adjustment aims to maintain the retail price of regular diesel at 31.94 baht per liter, effective from June 24, 2025. The measure is intended to mitigate the impact on the cost of living for citizens amid the ongoing rise in world oil prices.
The global oil market has seen continuous price hikes, exacerbated by tensions in the Middle East. As of June 20, 2025, Dubai crude oil was priced at $76.85 per barrel, with diesel and gasoline prices reaching $97.26 and $89.81 per barrel, respectively.
This latest freeze on oil prices is the fifth decision by the Oil Fund within June 2025, underscoring the Fund's resolve to stabilize oil prices, particularly diesel, which is crucial for transportation and everyday life. Due to this, the Oil Fund's income from diesel is projected to be negative at approximately 40.75 million baht per day, while income from gasoline stands at around 76.13 million baht per day.
Mr. Pornchai emphasized that despite the deficit in diesel revenue, the Oil Fund will continue to effectively manage domestic energy prices to ensure stability. The Office of the National Commercial Bank (ONCB) is committed to managing finances and liquidity prudently within legal frameworks to ensure ongoing and appropriate public welfare. The ONCB will closely monitor global oil price trends to respond accordingly.