Thailand’s Ministry of Energy provided an update on energy conditions domestically and internationally, focusing on diesel reserves, sales volumes, and the status of the Oil Fuel Fund as of April 16, 2026.
Internationally, the energy sector continues to face uncertainty due to ongoing tensions in the Middle East. While President Donald Trump expressed optimism that an agreement between the United States and Iran could be reached within the week, strict U.S. enforcement of a maritime blockade on vessels entering or exiting Iranian ports in the Strait of Hormuz has left investors unconvinced about the prospects for successful negotiations.
The current situation is contributing to tightness in global energy supply and emerging fuel shortages, as infrastructure recovery is expected to require months after any potential resolution of the conflict. This has resulted in record-high U.S. oil exports and firm global energy prices.
On April 16, 2026, crude oil benchmarks reflected this constrained supply, with WTI trading between $90.54 and $91.88 per barrel, Brent at $94.33 to $95.29 per barrel, and Dubai crude steady at $103.01 per barrel.
Domestically, as of April 16, 2026, Thailand’s oil reserves are sufficient to meet approximately 110 days of demand. This reserve includes 25 days of statutory reserves, 23 days of commercial inventory, 34 days of oil in transit, and 28 days of confirmed supply. Data from April 14, 2026, indicates the country produced 81 million liters of diesel and distributed 56.32 million liters.
Retail fuel prices, sourced from PTT, are as follows: diesel (B7) at THB 44.40 per liter, diesel (B20) at THB 37.40 per liter, E20 benzene at THB 35.95 per liter, gasohol 95 at THB 42.95 per liter, and gasohol 91 at THB 42.58 per liter.
When compared with other ASEAN countries, Thailand’s average retail price for gasoline stands at THB 42.95 per liter, while prices in Cambodia, the Philippines, Laos, Myanmar, and Singapore range from THB 48.89 to THB 87.15 per liter. The domestic diesel price is THB 44.40 per liter, compared to THB 50.01 to THB 117.88 per liter in Malaysia and the aforementioned countries.
As of April 16, 2026, the Oil Fuel Fund balance is a deficit of THB 61.59 billion, with daily compensation for diesel averaging approximately THB 188.28 million.
