AI-generated summary
Announcement No. 185/2569 of the Thai Fuel Fund Management Committee released retail oil price data. Previously, the Thai Cabinet decided to reduce the consumption tax on E20 gasoline alcohol and B20 biodiesel in stages on October 27. The relevant measures will be implemented from October 28 for a period of three months and end on January 27, 2027.
Starting from 5 a.m. on the 5th, Thailand has lowered the retail prices of some gasoline and gasoline alcohol by 0.7 baht per liter (1 baht is approximately 0.22 yuan), while the price of diesel remains unchanged.
According to the retail oil price data of Thailand Fuel Fund Management Committee Announcement No. 185/2569, this price adjustment involves 95 gasoline, Gasohol95, Gasohol91 and E20 gasohol. Among them, the price of No. 95 gasoline was adjusted to 50.33 baht per liter, Gasohol95 was adjusted to 40.84 baht per liter, Gasohol91 was adjusted to 40.47 baht per liter, and E20 was adjusted to 32.80 baht per liter. The price of E85 gasoline alcohol will not be adjusted this time, and the prices of ordinary diesel B7 and B20 will also remain unchanged.
This price adjustment was made by the Thailand Fuel Fund Management Committee and involves changes in fuel fund payment and subsidy standards. Previously, the Thai Cabinet decided on October 27 to gradually reduce the consumption tax on E20 gasoline alcohol and B20 biodiesel. The relevant measures will be implemented from October 28 for a period of three months and end on January 27, 2027.
According to data released by the Thai Taxation Department, the consumption tax on E20 has been reduced from 6 baht per liter to 0.358 baht, and the consumption tax on B20 has been reduced from 5.953 baht per liter to 0.431 baht. The Thai Tax Department stated that this move aims to reduce residents’ living costs and transportation and business operating burdens, while supporting local agricultural production.
The above-mentioned consumption tax adjustment and the current retail price reduction of some gasoline and gasoline alcohol are different policy measures. Subsequent fuel prices in Thailand will still be affected by factors such as international market oil prices and the domestic fuel fund management mechanism.
AI outlook — possibilities, not facts
Thailand’s fuel prices will continue to be affected by factors such as international market oil prices and the domestic fuel fund management mechanism.
Very likely · Within months
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