BANGKOK (NNT) - The Ministry of Finance is considering the possibility of reducing the diesel excise tax by 5 baht per liter at the end of this month to alleviate people’s hardships during the current economic situation.

 

As the government’s current 3-baht per liter excise tax cut expires on May 20, the ministry said it is considering a plan to extend the excise tax cut to alleviate financial pressure on the public due to the Covid-19 pandemic and the Russia-Ukraine conflict.

 

Since its inception in February, the current tax cut has cost the Excise Department approximately 17.1 billion baht. Officials, however, argued that the losses were reasonable in light of rising inflation and living costs.

 

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According to the Revenue Department, the government’s net revenue stood at more than 1.09 trillion baht during the six months of 2022, exceeding its target by 68.8 billion baht. The department collected 852 billion baht during this period, a 15.6 percent increase over the same period last year. The figure is also 13.5 percent higher than the department’s target expectations.

 

Despite uncertainties and challenges at home and abroad, Finance Minister Arkhom Termpittayapaisith expressed confidence that Thailand is still on track to meet its fiscal 2022 revenue target of 2.4 trillion baht.

 

-- © Copyright NNT 2022-05-13

 

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Makes me wonder; how much is the governmental tax mark-up in Europe?

The petrol comes from the same non-local sources and as things stand, the Thai government is still making a (slimmed down) cut on tax income on fuel. 

Obviously here in Thailand the government - for once - has hardly any choice as the voter base runs on diesel vehicles and agricultural machinery. Touch the diesel price and the boys in Bangkok are toast - simple as that! 

I hope not, as we don't use diesel, and seems every time diesel buyers get a break, the other grades go up in price to compensate.  Damned if they do, damned if they don't, as we'll probably pay more elsewhere, due to higher shipping costs.

1 hour ago, Sydebolle said:

Makes me wonder; how much is the governmental tax mark-up in Europe?

The petrol comes from the same non-local sources and as things stand, the Thai government is still making a (slimmed down) cut on tax income on fuel. 

Obviously here in Thailand the government - for once - has hardly any choice as the voter base runs on diesel vehicles and agricultural machinery. Touch the diesel price and the boys in Bangkok are toast - simple as that! 

I believe that in France there's around 70% of the price that goes directly in the governement pockets....

Edited May 14, 20224 yr by egypte
Corrections on numbers

Do the Government Departments ever speak to each other, or do they work in an autocratic way and may their own decisions and damn everyone else.  Diesel fuel is one of the worst pollutant fuels on the planet, yet the Ministry of Finance feels that they should encourage people to use it, thereby damaging both the health and the environment of the Thai population.  If anything, they should be increasing the price of diesel!