# Thailand Fuel Subsidy: B6.7bn Approved, GRM Cuts Ordered

> Thailand's Finance Ministry approved an initial 6.7 billion baht from the Energy Conservation Fund to contain domestic fuel prices. Energy Minister Akanat ordered refiners to recalculate ex-refinery prices and move away from Singapore benchmarks to lower the gross refining margin. The state Oil Fuel Fund carries about 105 billion baht in accumulated debt.

- Date: 2026-11-01 · published 2026-11-01T21:09:27.469Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/70417-thailand-fuel-subsidy-b6-7bn-approved-grm-cuts-ordered
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Fuel subsidies and refining margin cuts lower domestic diesel costs for Thai farm and transport users, which has only a minor effect on global feed price direction.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-10-19 | [Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate - TT](https://feedsoft.ai/events/12175-refiners-slump-as-trump-looks-to-slow-roll-imo-fuel-mandate-tt.md) | -0.9% | -9.6% |
| DIESEL | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | -2.4% | -23.4% |
| DIESEL | 2022-12-04 | [OPEC Plus opts against cutting production as oil prices fall - The Washington Post](https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post.md) | -12.5% | -2.1% |
| DIESEL | 2021-03-02 | [Brazilian stocks, currency fall as tax hikes spook investors - Markets - Business Recorder](https://feedsoft.ai/events/12206-brazilian-stocks-currency-fall-as-tax-hikes-spook-investors-markets-business.md) | +4.7% | -0.7% |
| DIESEL | 2023-09-11 | [The Squeeze on California Gasoline Marketers and the RIN Cliff - DTN](https://feedsoft.ai/events/15276-the-squeeze-on-california-gasoline-marketers-and-the-rin-cliff-dtn.md) | +2.4% | -11.5% |

## Sources

- asianomist.com: https://asianomist.com/article/thai-government-approves-b6-7bn-fuel-subsidy-orders-refining-margin-cuts

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.