Ex-Refinery Diesel Price Cut by ฿2.40 Per Litre Thailand will cut ex-refinery diesel prices by 2.40 baht per litre from August 16 to September 15, using 4.48 billion baht in excess refining margins. The reduction applies to B0, B7 and B20 diesel, the Energy Policy Administration Committee said. Its effect on retail pump prices has yet to be announced. The six refiners recorded an estimated 9.74 billion baht in excess margins in July. After previous and newly approved discounts, about 2.45 billion baht will remain. This is the sixth such measure, bringing the total excess refining margins used to ease living costs to 17.42 billion baht. #Thailand# #ราคาน้ำมัน#

Oil refiners are making historic profits. The 3-2-1 WTI refining margin is up to a record $59 per barrel. This is a key metric of how much profit refiners generate from turning crude oil into fuels like gasoline, diesel, and jet fuel. Refining margins have nearly tripled since the start of 2026. By comparison, this metric average ~$10 per barrel between 1985 and 2021 and never exceeded $30 per barrel during the 2004-2008 refining boom. The surge reflects a severe shortage of global refining capacity, as the Iran War, attacks on Russian refineries, and lower fuel exports have tightened supply. As a result, an estimated ~10% of global refining capacity, or ~8 million barrels per day, is offline, keeping gasoline, diesel, and jet fuel prices elevated even with crude oil trading ~$40 per barrel below its March high. World refiners are cashing in on a tightening oil market.