The government will use the central budget to stabilize energy price

The government of Prime Minister Srettha Thavisin plans to use the central budget to stabilize energy price
The government of Prime Minister Srettha Thavisin plans to use the central budget to stabilize energy price


Prime Minister Srettha Thavisin plans to use the central budget to stabilize energy price. Such as diesel oil prices below 33 baht per liter

if the Oil Fuel Fund is insufficient in a bid to ease the burden of people from soaring energy price.

Prime Minister Settha Thavisin said the government will continue to curb diesel oil price to have no more than 33 baht per liter. The government will allocate the budget from the central budget to subsidize diesel oil price if the Oil Fuel Fund is not sufficient.

He said the cabinet gave a green light to 3 measures including a control diesel ceiling to no more than 33baht per liter, 423 baht for a 15kg cylinder, and freezing electricity costs to help vulnerable groups to 3.99baht per unit for a month.

budget to stabilize energy price

  • The government burden 8.3 bn to curb energy price
  • The government allocated a budget of approximately 8.3 billion baht for three measures.

The cabinet approved measures to ease people’s cost of living in energy with 3 measures. The first measure to freeze the price of diesel fuel not exceeding 33 baht per liter,

effective between April 20 to July 31, 2024. The subsidy diesel price is cost 6 billion baht

Measures to freeze the price of LPG cooking gas by fixing the price at 423 baht per 15-kg cylinder,

effective between April 1-June 30 and 500 million baht of subsidy.  

Measures to assist vulnerable groups who use no more than 300 units of electricity per month. They are eligible for 3.99 baht per unit from the current electricity price of 4.18 baht per unit.

The  measure will take effect in the period of May-August 2024, which will cover 17 million households nationwide. The government planned to allocate 1.8 billion baht from the central budget for emergency cases to support this measure.

The Ministry of Energy proposed the cabinet to use the central budget

from emergency and necessary reserves to help reduce the burden of the Fuel Oil Fund. The fund is currently contracted at 100 billion baht.

Mr Chalermphol Pensoot, the director of the Budget Bureau said 

that the measures to ease the burden of the people this time will use the central budget. The contribution for electricity costs for vulnerable groups is approximately 1.8 billion baht. The measure to subsidize diesel oil and LPG will use the budget from the Fuel Oil Fund.

Royal Thai Government House

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