"For the public, there will not be a shortage of oil, but there may be an impact on price," he said. It will be another big wave of non-system oil," he said, adding smuggled fuel prices would also rise. "Our costs are already higher than the current fare structure," he said, calling for targeted state assistance, such as fuel price controls for bus operators or reduced import duties on spare parts. Diesel locally stands at 30.36 baht per litre, despite the government capping the price at 29.94 baht. While Thailand's oil reserves offer a buffer, the unfolding Middle East conflict has exposed vulnerabilities in pricing, logistics and public confidence.

Source: Bangkok Post March 04, 2026 23:38 UTC