BANGKOK, THAILAND – Shell sharply increased prices for gasohol and diesel from 5 a.m., while major competitors kept their tariffs unchanged to shield consumers amid cost pressures linked to the Middle East crisis.
Shell raises pump prices
The Thai arm of Shell attributed the higher pump prices to increased procurement costs connected to the ongoing crisis in the Middle East. The company linked the move directly to tensions affecting global energy markets.
From 5 a.m. on 3 March 2026, Shell charged an extra 1.50 baht per liter for E20, Gasohol 91 and Gasohol 95. The price of diesel rose even more steeply, by 4.20 baht per liter.
New Shell tariffs in detail
After the adjustment, Shell FuelSave Gasohol E20 cost 30.44 baht per liter. FuelSave Gasohol 91 was listed at 32.28 baht, while FuelSave Gasohol 95 stood at 32.85 baht per liter.
The high-performance fuel Shell V-Power Gasohol 95 was posted at 49.84 baht per liter. Shell V-Power Diesel reached the same price point, while Shell FuelSave Diesel was set at 34.14 baht per liter.
Competitors hold prices steady
State-influenced PTT Oil and Retail Business (OR), along with Bangchak Corporation and PTG Energy (PT), stated that they intended to maintain current fuel prices for as long as possible to limit the burden on consumers. Their approach contrasted with Shell’s immediate increases.
At OR stations, diesel was priced at 29.94 baht per liter. Gasohol E20 stood at 28.34 baht, Gasohol 91 at 30.18 baht and Gasohol 95 at 30.55 baht per liter, while gasoline and premium grades were quoted significantly higher.
Price levels at Bangchak and PTG
At Bangchak, regular diesel under the Hi Diesel S brand was listed at 29.94 baht per liter. The premium product Hi Premium Diesel S was considerably higher at 45.64 baht per liter.
Bangchak’s gasohol range extended from Gasohol E85 S EVO at 26.29 baht per liter to Gasohol 95 S EVO at 30.55 baht. This portfolio was complemented by the ultra-premium fuel Hi Premium 97 Gasohol 95++ at 49.54 baht per liter.
PTG tariffs and Middle East backdrop
PTG Energy posted diesel at 29.94 baht per liter at its PT stations. Gasohol 95 was listed at 30.55 baht, Gasohol 91 at 30.18 baht, Gasohol E20 at 28.34 baht and gasoline at 39.64 baht per liter.
These pricing decisions were accompanied by ongoing unrest in the Middle East affecting several regions. The turmoil weighed on international energy and logistics chains and fed into cost pressures for Thai fuel suppliers.
PTTEP focuses on safety and supply
Exploration and production subsidiary PTT Exploration and Production (PTTEP) said it was closely monitoring the situation in the Middle East and giving top priority to staff safety. Measures included possible evacuations from high-risk areas under its own safety protocols and in line with recommendations from the Ministry of Foreign Affairs.
At the same time, PTTEP stressed that its oil and gas activities in the United Arab Emirates and Oman were continuing without interruption. The company said a Business Continuity Plan (BCP) was in place for any potential crisis scenario.
Steps to secure domestic supply
For the domestic market, PTTEP pointed to advance measures in support of the Energy Ministry’s policy, aimed at a reliable supply of oil and natural gas and, by extension, national energy security. These efforts were intended to cushion the impact of external shocks.
Measures included maximizing natural gas production in the Gulf of Thailand. PTTEP also reported adjustments to planned maintenance shutdowns to limit potential effects on the public and industry, and announced it would provide further updates if significant developments occurred.