Cabinet extends 5-baht per litre diesel tax cut for two more months

[snoop1130]

 

The Thai cabinet decided today (Tuesday) to extend the 5-baht/litre excise tax cut on diesel fuel, from May 21st until July 20th, to ease the burden on the public and businesses and to stimulate the economy.

 

Finance Minister Arkhom Termpittayapaisith said that the cabinet’s decision is intended to prevent the retail price of diesel from increasing, in the wake of global oil price fluctuations due to the war in Ukraine and the baht’s depreciation, which would slow down economic recovery and increase the cost of living.

 

Excise Department Director-General Ekniti Nitithanprapas said that the extension of the tax cut means that the department’s tax collection will fall short by about 20 billion baht.

 

Full Story: https://www.thaipbsworld.com/cabinet-extends-5-baht-per-litre-diesel-tax-cut-for-two-more-months/

 

-- © Copyright Thai PBS 2023-03-14

 

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[Puccini]

This looks like part of the effort to do nothing much about the dangerously high air pollution.

[ikke1959]

Good for air pollution, and black smoke cars.....Sadly so called help, but when the oilprices are changing there is no fluctuation in the price anymore too

[mikebell]

10 hours ago, snoop1130 said:

to ease the burden on the public and businesses and to stimulate the economy.

whilst killing thousands annually with lung cancer.

[KhunBENQ]

Crazy indiscriminate subsidies for Diesel engines.

Tell that in your country.

When will they stop promoting Diesel pickups by lower sales tax and fuel tax?

How many of these pickups are used for practical purposes? Not just carting people around.

At the same time drivers of cleaner cars pay the price by filling the oil fund.

Edited March 15, 2023 by KhunBENQ