Fuel Prices Thailand

Part of: GIZ International Fuel Price database
Also see: Thailand Energy Situation

Fuel Pricing Policies

Local Currency:	THB
Exchange Rate:	29.83 (2010/11/17)
Last Update:

The downstream market in Thailand is liberal. The Energy Policy & Planning Office (EPPO) publishes very comprehensive information on fuel prices, monitored retail prices, monitored wholesale prices, refinery prices and levies/taxation. For all of these data, also historical data is available on their website (http://www.eppo.go.th/info/8prices_stat.htm).

Thailand uses an oil fund to flatten out volatile world market prices. Fuels are either subsidized or an oil fund levy is imposed in times of low oil costs. In December 2010, the government decided to begin subsidizing Diesel using the oil fund (see 2). Gasoline remained un-subsidized, and an oil fund levy of 7.5 Baht is imposed for gasoline. Hence, gasoline users cross-subsidize Diesel users.

As of April 2011, the subsidies for Diesel reached 4.5 Baht per litre (almost three times more than in January, shown in 2.; →see App A1). The balance of the oil fund rapidly approached zero. As a reaction, the government reduced Excise Tax on Diesel to almost zero (which also can be seen as a subsidy, when compared to other fuels). The whole issue of subsidizing Diesel is critically discussed by local experts, who recommend an end or an reduction of the subsidies, as they could produce a high burden to the national budget as soon as the oil fund balance reaches zero (→App. A3).

Fuel Prices and Trends

	Gasoline 95 Octane	Diesel
in USD*
in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition for one litre of High Speed Diesel as of 2012/01/01.

Source: Own calculations based on http://www.eppo.go.th/info/8prices_stat.htm and →App. A1

Price composition for one litre of 95-octane gasoline as of January 2011

Source: Own calculations based on http://www.eppo.go.th/info/8prices_stat.htm and →App. A1

At a Glance

Regulation-Price-Matrix	Transparency of Price Composition Transparency of Pricing Mechanism / Monitoring

An easy-to-understand price breakdown might be added to the informations given at www.eppo.go.th. Information on fuel taxes missing as of May 21st, 2011.

Sources to the Public

Type of Information	Web-Link / Source
Price Composition	http://www.eppo.go.th/info/8prices_stat.htm (Implicitly available from given data)
Pump prices and margins	http://www.eppo.go.th/info/8prices_stat.htm
Wholesale Prices	http://www.eppo.go.th/info/8prices_stat.htm

Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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