webfact Posted July 1, 2014 Share Posted July 1, 2014 Diesel excise tax poised to be raised by 1-3 baht BANGKOK, 1 July 2014 (NNT) - The Excise Department remains confident that the diesel excise tax will be increased by 1 to 3 baht as the National Council for Peace and Order (NCPO) has made it clear that it will not cling to the populist policy like the previous government.Somchai Poonsawad, Director General of the Excise Department, quoted the NCPO policy to leave domestic oil prices to fluctuate according to the market forces.He also said that since the NCPO would streamline the energy sector’s infrastructure and refrain from using populist policies, the diesel excise tax would no longer stay in the same rate as it had been for more than three years.According to Mr. Somchai, the previous government’s long-term subsidy to diesel prices had led to an unrealistic domestic market mechanism. Diesel prices are currently at least 7 baht per liter cheaper than benzene oil prices.The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government. Mr. Somchai expressed his support to the diesel tax hike, saying the money could be used to fund a few major infrastructure projects under the administration of the NCPO.-- NNT 2014-07-01 1 Link to comment Share on other sites More sharing options...
chiang mai Posted July 1, 2014 Share Posted July 1, 2014 Sloppy reporting again, an increase of 20k baht probably intended a different number but I don't know what it might be. 1 Link to comment Share on other sites More sharing options...
bkkjames Posted July 1, 2014 Share Posted July 1, 2014 Can someone work out the math in that article for me? Link to comment Share on other sites More sharing options...
JoePai Posted July 1, 2014 Share Posted July 1, 2014 Sensible, about time Link to comment Share on other sites More sharing options...
Valentine Posted July 1, 2014 Share Posted July 1, 2014 Sloppy reporting again, an increase of 20k baht probably intended a different number but I don't know what it might be. There are so many mistakes in articles quoted here I assume no one proof reads them. Link to comment Share on other sites More sharing options...
Rimmer Posted July 1, 2014 Share Posted July 1, 2014 A couple of inflammatory posts have been removed along with quoted replies, if you have a point please make without all the flaming, thank you. Link to comment Share on other sites More sharing options...
PhilipCook Posted July 1, 2014 Share Posted July 1, 2014 Excellent decision Link to comment Share on other sites More sharing options...
chiang mai Posted July 1, 2014 Share Posted July 1, 2014 "The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government". Anyone? I, and others would like to understand the impact? Link to comment Share on other sites More sharing options...
ggold Posted July 1, 2014 Share Posted July 1, 2014 "The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government". Anyone? I, and others would like to understand the impact? I read 1 unit to be 1 litre, so a rise of 1baht per litre on diesel. Unless someone has a better understanding! Link to comment Share on other sites More sharing options...
chiang mai Posted July 1, 2014 Share Posted July 1, 2014 "The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government". Anyone? I, and others would like to understand the impact? I read 1 unit to be 1 litre, so a rise of 1baht per litre on diesel. Unless someone has a better understanding! That's probably correct so thanks, I wonder however what the budget impact is though? Link to comment Share on other sites More sharing options...
AGareth2 Posted July 1, 2014 Share Posted July 1, 2014 When? need to fill up Link to comment Share on other sites More sharing options...
bkkjames Posted July 1, 2014 Share Posted July 1, 2014 "The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government". Anyone? I, and others would like to understand the impact? I read 1 unit to be 1 litre, so a rise of 1baht per litre on diesel. Unless someone has a better understanding! That's probably correct so thanks, I wonder however what the budget impact is though? Should be easy to figure out. The indirect impact less so I imagine. Sent from my LG-P970 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
ratcatcher Posted July 1, 2014 Share Posted July 1, 2014 When? need to fill up Just think of all the money you will save. Go for it. 2 Link to comment Share on other sites More sharing options...
AGareth2 Posted July 1, 2014 Share Posted July 1, 2014 ^ lunch for a week!!! Link to comment Share on other sites More sharing options...
chiang mai Posted July 1, 2014 Share Posted July 1, 2014 "The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government". Anyone? I, and others would like to understand the impact? I read 1 unit to be 1 litre, so a rise of 1baht per litre on diesel. Unless someone has a better understanding! That's probably correct so thanks, I wonder however what the budget impact is though? Should be easy to figure out. The indirect impact less so I imagine. Sent from my LG-P970 using Thaivisa Connect Thailand mobile app If so easy, please post answer because I can't there! Link to comment Share on other sites More sharing options...
bkkjames Posted July 1, 2014 Share Posted July 1, 2014 "The Excise Department Director-General also said that a rise of 1 baht per unit in diesel excise tax would yield an increase of 20,000 baht in revenue to the government".Anyone? I, and others would like to understand the impact? I read 1 unit to be 1 litre, so a rise of 1baht per litre on diesel. Unless someone has a better understanding! That's probably correct so thanks, I wonder however what the budget impact is though? Should be easy to figure out. The indirect impact less so I imagine. Sent from my LG-P970 using Thaivisa Connect Thailand mobile app If so easy, please post answer because I can't there! Figure out how much of it is sold in Th and do the math... Sent from my LG-P970 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
chiang mai Posted July 1, 2014 Share Posted July 1, 2014 (edited) Today's got to be wind up day, jeeze! So xxx times yyy equals the answer, cool! Edited July 1, 2014 by chiang mai Link to comment Share on other sites More sharing options...
chainarong Posted July 1, 2014 Share Posted July 1, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Sloppy reporting again, an increase of 20k baht probably intended a different number but I don't know what it might be. Left afew zero's out somewhere. Link to comment Share on other sites More sharing options...
transam Posted July 1, 2014 Share Posted July 1, 2014 Excellent decision Why is that........? Link to comment Share on other sites More sharing options...
bkkjames Posted July 1, 2014 Share Posted July 1, 2014 Excellent decision Why is that........? Cause it costs him double to fill up his Crv on the 95 compared to your vigo Sent from my LG-P970 using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
transam Posted July 1, 2014 Share Posted July 1, 2014 (edited) Excellent decision Why is that........? Cause it costs him double to fill up his Crv on the 95 compared to your vigo Sent from my LG-P970 using Thaivisa Connect Thailand mobile app So what, Mr and Mrs average Thai don't drive high end rides. They drive work horses.....Diesels. The guys jealous......... Edited July 1, 2014 by transam 2 Link to comment Share on other sites More sharing options...
falang07 Posted July 1, 2014 Share Posted July 1, 2014 well, once it crosses the psychological barrier of 30 Baht, I doubt it will stop at 1 Baht per liter only Link to comment Share on other sites More sharing options...
shirtless Posted July 1, 2014 Share Posted July 1, 2014 Well if diesel goes up 1-3 baht per litre expect everything transported to go up accordingly transport companies will not absorb this price increase it will simply be passed on to the consumer. 2 Link to comment Share on other sites More sharing options...
city Posted July 1, 2014 Share Posted July 1, 2014 Whats happening 'a non popular decision' from the man. Not to worry it will only raise prices across the whole economy. Inflation no less Link to comment Share on other sites More sharing options...
robblok Posted July 1, 2014 Share Posted July 1, 2014 Excellent decision Why is that........? Cause it costs him double to fill up his Crv on the 95 compared to your vigo Sent from my LG-P970 using Thaivisa Connect Thailand mobile app So what, Mr and Mrs average Thai don't drive high end rides. They drive work horses.....Diesels. The guys jealous......... I as many others don't see the reason why one group of private persons should ride cheaper as others. I for one would prefer a load of honda jazz drivers over all those trucks that just clog up BKK. Both drivers are certainly not rich so why let the trucks go for cheap fuel and not the cheap economy cars ? Extra bonus you can fit much more honda jazz on the roads as trucks. For businesses different story of course then I do understand the need to keep fuel costs down (else we all get inflation) but not for private persons. Link to comment Share on other sites More sharing options...
transam Posted July 1, 2014 Share Posted July 1, 2014 So you want poor folk show there income at the gas station.......? 1 Link to comment Share on other sites More sharing options...
robblok Posted July 1, 2014 Share Posted July 1, 2014 (edited) Whats happening 'a non popular decision' from the man. Not to worry it will only raise prices across the whole economy. Inflation no less Not all decisions can be popular unfortunately. However it will have far less influence as the raise in minimum salary done by the PTP that really made inflation go to extreme heights here in Thailand. Everyone said it would.. but they did not listen. I do feel that maybe they should make some rules to ensure businesses not private persons can get to cheaper fuel. Edited July 1, 2014 by robblok Link to comment Share on other sites More sharing options...
robblok Posted July 1, 2014 Share Posted July 1, 2014 So you want poor folk show there income at the gas station.......? Just fair taxing for both diesel and benzine not one cheaper as the other for non business people. Why would a poor person driving a honda jazz need to pay more as a poor person driving a diesel ? As long as the extra money is used on roads its a big win. Link to comment Share on other sites More sharing options...
Popular Post AnotherOneAmerican Posted July 1, 2014 Popular Post Share Posted July 1, 2014 So you want poor folk show there income at the gas station.......? Just fair taxing for both diesel and benzine not one cheaper as the other for non business people. Why would a poor person driving a honda jazz need to pay more as a poor person driving a diesel ? As long as the extra money is used on roads its a big win. Because the person driving the Jazz is unlikely to be transporting 5 ton of rice or 30 pigs from his farm to the market. 3 Link to comment Share on other sites More sharing options...
tingtongteesood Posted July 1, 2014 Share Posted July 1, 2014 yet another stealth tax and wait for the prices of everything everywhere to go up yet again using this as an excuse. The portion sizes are getting so small now we will soon be paying for an empty plate.... 2 Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now