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Thailand Faces 10 Billion Baht Diesel Subsidy Crisis

3/12/2026

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Story summary
  • The Thai government faces losses from diesel subsidies exceeding 1 billion baht daily, with losses projected to reach 10 billion baht by March 18, prompting intensified efforts to reduce fuel demand.
  • Energy Minister Auttapol Rerkpiboon says the government is prioritizing domestic fuel needs, suspending most oil exports, and expanding biofuel blends.
  • Finance Minister Ekniti Nitithanprapas says no new economic policies will be introduced during the political transition, stressing liquidity preservation.