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Excise tax on diesel cut by five baht/litre for two months amid high prices


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The Thai cabinet decided to slash excise tax on diesel by 5 baht/litre for two months today (Tuesday), effective from May 21, to help ease the financial burden on consumers.

 

The government previously cut excise tax on diesel by 3 baht/litre, a measure which is due to expire on May 20.

 

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Diesel prices at the pumps are currently capped at 32 baht/litre, an increase of two baht since the end of last month. Decisions are being made on a weekly basis whether to increase the price gradually by 1 baht/litre until the price reaches the ceiling of 35 baht/litre, after which the Energy Ministry will consider what to do next, taking into consideration global oil prices.

 

Full Story: https://www.thaipbsworld.com/excise-tax-on-diesel-cut-by-five-baht-litre-for-two-months-amid-high-prices/

 

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-- © Copyright Thai PBS 2022-05-17
 

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10 hours ago, ThailandRyan said:

Just walked by Caltex, diesel at 31.99, while the 95 I use was at 50.25....how screwed up is that.

My old car only runs on 95 benzine. Time for a upgrade? Maybe I should buy a no sound electric car? But  my electric bill has gone up again. Diesel looks like the way to go but they are not cheap. I think I will hurry and just get a push bike before they run out.

Edited by vandeventer
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7 minutes ago, hotchilli said:

Rob Peter to pay Paul.... you know how it works.

It was funny, as we approached the station I thought I saw 35.99 for Diesel, and 47.5 for 95+, then all of a sudden the price board flashed 3 times and BAM the prices changed, This was right at 7pm......what a switcharoo.....

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55 minutes ago, ThailandRyan said:

It was funny, as we approached the station I thought I saw 35.99 for Diesel, and 47.5 for 95+, then all of a sudden the price board flashed 3 times and BAM the prices changed, This was right at 7pm......what a switcharoo.....

They saw you coming.

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So it's 27 baht/liter?

 

Then what in two months?

 

IS there a plan?

 

from the linked article...

 

He disclosed that the oil subsidies have, so far, cost taxpayers about 70 billion baht, including the latest excise cut for diesel fuel.

 

He also said that the Fuel Fund, which was used to subsidise oil prices, is in the red and the government has had to secure a loan to fund the oil subsidy scheme.

 

The latest excise tax cut for diesel will cost the state about 20 billion baht in revenue losses.

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4 minutes ago, RafPinto said:

I filled up at Shell in Pattaya.

31,99 baht.
At least, I got 2 free energy drinks ????

 

Sometimes you get a 1,5 l bottle of water. Next time, I mix it with my diesel.

Yes, I received the same free energy drinks, 1 per every 1k Thb spent, wonder what those with very large tanks spend.  I spent 2250 to fill up the MG's Tank here in BKK before we headed south yesterday.

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17 minutes ago, ThailandRyan said:

Yes, I received the same free energy drinks, 1 per every 1k Thb spent, wonder what those with very large tanks spend.  I spent 2250 to fill up the MG's Tank here in BKK before we headed south yesterday.

Where are you going?

Phuket again?

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