Thailand seeks crude oil from Russia, says domestic diesel prices to rise
Airfind news item
Published on March 17, 2026.
Thailand's deputy prime minister, Phiphat Ratchakitprakarn, has discussed with the Russian government about purchasing crude oil. The country's foreign minister has also discussed the possibility of purchasing Russian crude. Diesel prices are expected to rise on Wednesday after a 15-day price cap expires. Thailand's government plans to cap domestic diesel prices at $33 baht ($1.02) per litre, and the country's Oil Fund is currently in a deficit of more than 12 billion baht ($370.37 million). As of Tuesday, Thailand has oil reserves for at least 101 days and has forward contracts for additional crude supplies from abroad.
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