The Department of Energy Business issued its ninth announcement on the characteristics and quality of diesel fuel for 2026, keeping the biodiesel blend ratio in diesel at B7 from September 14 to December 13, according to the Royal Gazette. The extension of the B7 base diesel measure, from the B5 diesel used before the Middle East war, runs for another three months, with the aim of maintaining energy stability, promoting renewable energy use, and cushioning uncertainty in global energy markets. This aligns with KGI Securities' earlier view that the government was likely to extend the measure adjusting the biodiesel blend ratio in diesel from B5 to B7. KGI Securities views BBGI Pcl. positively given state policies that continue to support biofuel use, especially biodiesel, and maintains a buy rating on BBGI with a target price for the first half of 2027 forecast at 7.50 baht, and continues to select BBGI as one of our top picks in the energy sector.
BBGI PCLState extends the B7 biodiesel blend mandate for diesel, supporting biofuel demand for BBGI; KGI keeps buy rating and 7.50 baht target.
