Thailand raised fuel prices by 6 baht per liter, marking the steepest increase in decades. Gasoline prices surged by 14% to 22%, while diesel prices rose 18%, hitting transport, agriculture, and industries hard. The hike was prompted by surging global oil costs, forcing the government to reduce subsidies from the Oil Fuel Fund, which had been struggling with a widening deficit. The price jump led to long lines at gas stations as motorists rushed to refuel.

2026-03-26

Thailand raised fuel prices by 6 baht per liter, marking the steepest increase in decades. Gasoline prices surged by 14% to 22%, while diesel prices rose 18%, hitting transport, agriculture, and industries hard. The hike was prompted by surging global oil costs, forcing the government to reduce subsidies from the Oil Fuel Fund, which had been struggling with a widening deficit. The price jump led to long lines at gas stations as motorists rushed to refuel.