Jump to content

Cabinet Approves Lowering Diesel Import Tax for Six Months


Recommended Posts

Posted

399e3124c9be7c3600a216bff68a021e_small.jpg

 

BANGKOK (NNT) - The Cabinet has approved the lowering of the excise tax for imported diesel fuel for six months as a short-term measure to alleviate rising fuel costs in the Kingdom.

 

According to Ratchada Thanadirek, deputy spokesperson for the Office of the Prime Minister, the proposed cut will apply to diesel with sulfur content not exceeding 500 parts per million (ppm) or Diesel B10.

 

The aim is to shield consumers from higher energy costs due to rising global oil prices.

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

The approved measure, to be implemented this month and continuing until September 15, will directly subsidize diesel costs for electricity generation. Authorities estimate that the cost of electricity in the country will fall by 1 to 1.5 baht per unit.

 

The cut is expected to significantly help keep energy costs in check for both general living and local businesses operations.

 

60% of the country’s electricity generation currently comes from natural gas.

 

nnt.jpg
-- © Copyright NNT 2022-03-09
 

- Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...