Bangkok
Diesel vehicle owners, brace for impact! The Oil Fuel Fund Management Board (กบน. or OFFMB) announced today, April 1st, 2026, that it has decided to reduce the diesel subsidy rate to manage the fund’s liquidity. This will cause retail diesel prices at service stations to rise immediately by 3.50 baht per litre starting tomorrow, April 2nd, 2026.
According to the board’s meeting results, the subsidy (compensation rate) for regular diesel has been cut by 4.11 baht per litre, from 21.89 baht to 17.78 baht per litre. The adjustment aligns with current market conditions while helping maintain the financial stability of the Oil Fuel Fund. As a result, the retail price of diesel will increase to 44.24 baht per litre.
The board also reduced the subsidy for biodiesel B20 by 3.99 baht per litre, lowering it to 20.12 baht per litre. This will push the retail price of B20 up by 3.50 baht per litre to 39.24 baht per litre, effective from 5:00 AM on April 2nd. Gasoline prices will be announced separately by oil companies.
This latest hike comes amid ongoing pressure on the Oil Fuel Fund, which has faced significant deficits due to previous efforts to cap prices amid volatile global oil markets. The decision is to ease the fund’s liquidity strain while reflecting international price trends.
Motorists and businesses reliant on diesel, including truckers, farmers, and logistics operators, are advised to plan ahead for the higher costs, which are expected to affect transportation fares and goods prices in the coming days.
The Oil Fuel Fund Management Board will continue to monitor the situation and may announce further adjustments as needed to balance consumer impacts with the fund’s long-term sustainability.
For the original version of this article, please visit The Pattaya News.
