Thailand raises fuel prices by 6 baht per liter to cut subsidies amid global volatility.

Thailand increased fuel prices by 6 baht per liter on March 26, 2026, after the government cut subsidies to address a strained Oil Fuel Fund and rising global oil prices. The move aims to align domestic costs with regional markets and reduce smuggling, though it has led to panic buying and supply shortages in some areas. Officials urged the public to conserve energy amid ongoing global market volatility.