Oil Price Update in Thailand: New Price Adjustments Effective July 31
Gas stations in Thailand have announced another adjustment to the retail prices of gasoline and gasohol, which will take effect starting July 31, 2024. This change is in accordance with global market price mechanisms that affect the country's crude oil import costs.
Motorists are advised to check the oil prices at the service station before refueling, as prices in each area may vary slightly due to transportation costs and local taxes. This price adjustment is considered a normal occurrence in line with the global economic situation, and consumers should plan their energy expenditures accordingly.
Regarding diesel prices, the government is closely monitoring the situation to maintain price stability, ensuring that it does not excessively impact the cost of living for the public or the cost of goods transportation. Relevant agencies will continue to ensure that prices remain at the most balanced level possible.
We urge the public to follow official announcements from individual fuel retailers or check the Ministry of Energy's website for the most accurate and up-to-date information to prepare for travel or business operations tomorrow.