Diesel prices are rising sharply in both Thailand and Fiji, driven by volatile global market conditions. Effective May 1, 2026, the retail price of regular high-speed diesel (B7) in Thailand increased by THB0.60 to THB40.80 per litre.
The Thai government responded by raising the subsidy for regular high-speed diesel (B7) by THB0.94 to THB3.12 per litre. Similarly, the price for high-speed diesel B20 also saw a rise of THB0.60, bringing it to THB33.80 per litre.
In the global oil market, diesel closed at around US$179 per barrel on April 30, 2026, while petrol was priced at US$138 per barrel. This surge is part of a broader trend affecting fuel prices worldwide.
Meanwhile, in Fiji, consumers are feeling the pinch as well. The price of diesel rose by 93 cents to $3.82 per litre on May 1, 2026. This increase reflects a staggering 69.60 percent rise in international refined fuel prices for diesel.
The Fijian Competition and Consumer Commission (FCCC) has taken a gradual approach to implement these changes, stating that without this strategy, diesel prices could have soared above $4.50 per litre this month.
Current expenditure from the Oil Fuel Fund in Thailand stands at THB171.51 million daily, highlighting the financial strain associated with maintaining subsidies amid rising global prices.
As one local Fijian remarked, “Get ready to dig deeper into your pockets as the price of diesel will go up 93 cents to $3.82 per litre today.” The FCCC emphasized that their priority remains ensuring continuous availability and sustainability of fuel supply across the country.
The price rise was driven by higher world market prices, leaving many consumers concerned about future increases and their impact on daily expenses.
