# Biofuel consumption soars following excise tax cuts

> Thailand cut excise taxes on E20 gasoline and B20 biodiesel, with the lower rates taking effect on October 27 for three months. Daily B20 consumption rose 41% to 8.64 million litres during October 28–November 4 compared with October 1–27, while E20 consumption also increased.

- Date: 2026-11-10 · published 2026-11-11T06:15:18.736Z
- Category: policy · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/93055-biofuel-consumption-soars-following-excise-tax-cuts
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Ethanol](https://feedsoft.ai/c/ETHANOL.md)

## Why it matters

Tax incentives are shifting fuel use toward biofuel blends, supporting demand for palm oil in B20 and cassava and molasses used for ethanol. Stronger feedstock demand could support domestic prices, particularly for palm oil.

## Read by commodity

- ETHANOL: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-08 | [Malaysia's palm oil exports set to rise following export tax suspension - Xinhua \| English.news.cn](https://feedsoft.ai/events/66868-malaysia-s-palm-oil-exports-set-to-rise-following-export-tax-suspension-xinhua.md) | -1.0% | -1.4% |
| PALMOIL | 2018-01-05 | [Demand for Malaysian palm oil seen to rise by 15% following export tax suspension \| The Star](https://feedsoft.ai/events/8161-demand-for-malaysian-palm-oil-seen-to-rise-by-15-following-export-tax.md) | +0.3% | -1.2% |
| PALMOIL | 2024-12-31 | [Indonesia faces costly biofuel expansion after palm oil surges \| FMT](https://feedsoft.ai/events/15601-indonesia-faces-costly-biofuel-expansion-after-palm-oil-surges-fmt.md) | -10.7% | -10.4% |
| PALMOIL | 2025-08-08 | [EPA’s Proposal to Focus Biofuel Policy on Domestic Fuels Doesn’t Add Up - Union of Concerned Scientists](https://feedsoft.ai/events/15097-epa-s-proposal-to-focus-biofuel-policy-on-domestic-fuels-doesn-t-add-up-union.md) | +3.4% | +5.1% |
| PALMOIL | 2021-09-13 | [Biofuel Refining Drives Edible Oil Prices \| Food Processing](https://feedsoft.ai/events/45150-biofuel-refining-drives-edible-oil-prices-food-processing.md) | +0.8% | +13.3% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/3352595/biofuel-consumption-soars-following-excise-tax-cuts

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