Katerina Swanson
As of 28 July 2025, the price of gasoline in Thailand is THB 42.71 per litre, which is USD 1.32 per litre. This is slightly higher than the average world price of gasoline, which is USD 1.20 per litre. Gasoline prices in Thailand have fluctuated over the years, with a minimum of THB 24.55 per litre in April 2020 and a maximum of THB 53.37 per litre in June 2022.
| Characteristics | Values |
|---|---|
| Current gasoline price per liter | THB 42.71 or USD 1.32 |
| Average gasoline price from 17 Aug 2015 to 28 Jul 2025 | THB 37.95 per liter |
| Minimum gasoline price during the period | THB 24.55 on 27 Apr 2020 |
| Maximum gasoline price during the period | THB 53.37 on 27 Jun 2022 |
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What You'll Learn
Gasoline price: THB 42.71/litre
As of 28 July 2025, the price of gasoline in Thailand is THB 42.71 per litre. This equates to approximately USD 1.32 per litre.
Compared to the worldwide average gasoline price of USD 1.20, Thailand's current gasoline price is relatively high. Over the previous ten years, Thailand's gasoline prices have fluctuated, reaching a minimum of THB 24.55 in April 2020 and a maximum of THB 53.37 in June 2022.
The Thai government, regulatory agencies, petroleum companies, and major media sources all play a role in determining gasoline prices in the country. Prices are typically updated and adjusted on a weekly or monthly basis.
It is worth noting that the price of gasoline can vary within Thailand due to various factors such as regional differences in taxation and distribution costs. Additionally, the price of gasoline in Thailand is influenced by global oil prices and the exchange rate of the Thai baht against major currencies like the US dollar.
Motorists in Thailand should be aware of the current gasoline price and monitor for any changes, as the cost of fuel can impact their travel plans and budgets.
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USD equivalent: $1.32/litre
As of 28 July 2025, the price of gasoline in Thailand is THB 42.71 per litre, which is the equivalent of $1.32 per litre in US dollars. This price is slightly higher than the average world price of gasoline, which currently stands at USD 1.20 per litre.
Over the last decade, the cost of gasoline in Thailand has fluctuated. Looking at Octane-95 gasoline specifically, the average price per litre between 17 August 2015, and 28 July 2025, was THB 37.95. The price reached a minimum of THB 24.55 on 27 April 2020 and a maximum of THB 53.37 on 27 June 2022.
These price variations can be influenced by various factors, including global oil prices, local supply and demand dynamics, and government regulations. Thailand's government may intervene to fix prices during periods of instability or significant economic impact, which can result in extended periods of stable pricing followed by adjustments.
When compared to the USD equivalent, the gasoline price in Thailand is relatively affordable. This price point can impact transportation costs, influencing the affordability of travel and the potential for tourism within the country. It also affects the operational costs of businesses reliant on fuel, including transportation and logistics companies, potentially influencing the pricing of goods and services in the market.
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Cheaper than 2022
Fuel prices in Thailand are lower than in many other countries. In June 2022, gasoline prices in Thailand were at a seven-year high, driven by rising global oil prices and the war in Ukraine affecting supply. Despite this, Thai fuel prices remained some of the lowest in ASEAN.
There are several reasons for Thailand's relatively low fuel prices. Firstly, the country's energy security is managed by the national oil and gas conglomerate PTT Plc, which has some control over fuel pricing. Secondly, the Thai government has implemented measures to subsidize fuel prices, including subsidizing diesel with money from the fuel fund and tax cuts. Neighboring countries, such as Malaysia and Brunei, which are oil exporters, can also subsidize domestic fuel prices with profits from petroleum exports.
The retail price structure, excise tax, and government subsidies contribute to the varying fuel prices seen across ASEAN countries. Many of Thailand's neighboring countries have to import crude oil, which is beyond their control, and the imported oil is then subject to varying tax and subsidy regimes. Thailand's fuel prices are not the most expensive among ASEAN members, and the government actively manages fuel pricing to keep costs down for motorists.
In summary, fuel prices in Thailand are generally cheaper than in many other countries, and this is due to a combination of factors, including government subsidies, the presence of a national oil and gas conglomerate, and the country's energy security policies. While Thai motorists have also felt the impact of rising global oil prices, the government's management of fuel pricing has kept prices relatively low compared to other regions.
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Global average: USD $1.20/litre
As of 28 July 2025, the price of gasoline in Thailand is THB 42.71 per litre, which is equivalent to USD $1.32 per litre. This is slightly higher than the global average price of gasoline, which is USD $1.20 per litre.
While the cost of fuel in Thailand is currently higher than the worldwide average, this has not always been the case. Between 2015 and 2025, Thailand's gasoline prices fluctuated, with a minimum of THB 24.55 per litre in April 2020 and a maximum of THB 53.37 per litre in June 2022. During this period, the average cost of gasoline in Thailand was THB 37.95 per litre, which is lower than the current price.
Several factors could contribute to the variation in fuel prices between Thailand and the global average. These include differences in taxation policies, economic conditions, and the availability and cost of crude oil, which is the primary input for gasoline production. Additionally, government interventions, such as price controls or subsidies, can also influence fuel prices within a country.
It is worth noting that fuel prices can have a significant impact on a country's economy and its citizens. Changes in fuel prices can affect transportation costs, influence inflation rates, and impact the overall cost of living. Therefore, monitoring and understanding fuel prices is essential for both policymakers and individuals.
While the current fuel price in Thailand is slightly higher than the global average, it is important to consider the historical context and potential reasons for the price difference. By staying informed about fuel prices and their implications, individuals can make more informed decisions, particularly when planning travel or managing their finances in the context of Thailand's fuel costs.
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Price history
As of 28 July 2025, the price of gasoline in Thailand is THB 42.71 per litre or USD 1.32 per litre. This is a slight increase from the average price of gasoline in Thailand between 17 August 2015 and 28 July 2025, which was THB 37.95.
Gasoline prices in Thailand have fluctuated over the years. The minimum price during the period from 2015 to 2025 was THB 24.55 on 27 April 2020. This was a time when global oil prices dipped due to the COVID-19 pandemic, which likely influenced local fuel prices in Thailand.
On the other hand, the maximum price during the same decade was THB 53.37 on 27 June 2022. This peak could be attributed to various factors, including the global economic recovery post-pandemic, increased energy demands, and geopolitical tensions impacting oil supplies.
Prior to the pandemic, gasoline prices in Thailand appeared relatively stable. Between 2015 and 2019, prices hovered around the THB 30 mark, with minor fluctuations reflecting changes in global oil markets and local economic conditions.
Overall, the historical price of gasoline in Thailand has been influenced by a multitude of factors, including global oil prices, economic conditions, and local demand and supply dynamics.
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Frequently asked questions
Gasoline in Thailand costs THB 42.71 per litre or USD 1.32 per litre as of 28 July 2025.
The price of gasoline in Thailand is slightly higher than the global average, which is USD 1.20 per litre.
From 17 August 2015 to 28 July 2025, the average price of Octane-95 gasoline in Thailand was THB 37.95 per litre.
On 27 June 2022, the price of gasoline in Thailand peaked at THB 53.37 per litre.
