Thailand rolls out seven measures to ease impact of rising fuel prices

2026-03-26 - 08:30

BANGKOK — The Ministry of Finance has unveiled seven measures aimed at reducing the impact of rising fuel prices on vulnerable groups, transport operators, farmers, and small businesses, officials said Thursday. Laworan Saengsanit, Permanent Secretary of the Ministry of Finance, said the Cabinet approved the measures as urgent steps to protect citizens and stabilize key sectors. Key measures include: Excise tax review – The Ministry of Finance will reconsider adjustments to excise tax rates, including the extent and duration of reductions, to ease fuel costs. Support for vulnerable groups – Beneficiaries of the state welfare card program will see monthly allowances rise from 300 baht per person to 400 baht for purchasing essential goods. Authorities said the program will be reassessed once a new government is in place. Transport sector aid – Measures will target truck drivers, bus operators, and motorcycle taxi riders, with the Ministry of Transport overseeing support. Agriculture support – Farmers will receive assistance through the “Green Flag” program, which subsidizes fertilizer costs. The initiative will promote the use of organic and alternative fertilizers to reduce import dependency, in tandem with the “Good Soil” program. Fisheries support – Fishermen will be encouraged to switch to B20 diesel, which is 5–6 baht cheaper per litre, to lower operating costs. Assistance for government contractors and industries – Construction and industrial projects affected by fuel shortages may receive extended deadlines for project completion and inspections, as authorities work to mitigate delivery delays. Support for SMEs – The Ministry of Finance, through Government Savings Bank, will provide a 10-billion-baht soft loan facility to help small and medium-sized enterprises maintain liquidity. Further details will be announced by the bank. Laworan Saengsanit said the measures aim to provide immediate relief while safeguarding economic stability and supporting key sectors affected by soaring energy costs.