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Commodities Score 85 Bearish

Thailand’s Oil Fund Burns $32 Million A Day to Cap Diesel Prices

Mar 11, 2026 05:49 UTC
CL=F, PETR.BK, ^VIX
Short term

An employee refuels a customer's motorcycle at a PTT Pcl gas station in Bangkok. Photographer: Andre Malerba/Bloomberg.

  • Thailand’s state oil fund spends $32M daily to cap diesel prices
  • Indicates significant fiscal strain and energy market distortion in ASEAN

An employee refuels a customer's motorcycle at a PTT Pcl gas station in Bangkok. Photographer: Andre Malerba/Bloomberg

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