Thailand's Petroleum Fund Committee (กบน.) raised retail fuel prices on 2 September 2026 in response to global oil market pressures: diesel up 0.75 baht/liter (to 39.14 baht) and gasoline/E85 up 0.60 baht/liter, following a spike in Singapore market diesel to $164/barrel and geopolitical tensions between the US and Iran. The fund faces daily compensation burden of ~357 million baht; these adjustments aim to preserve fund liquidity and sustain the fund's price-stabilization role amid volatile global markets.