An attendant refuels a pickup at a petrol station in Bangkok.
The government should offer another temporary excise tax cut of three baht on benzine to ease the financial burden from soaring global oil prices caused by the Russia-Ukraine clash, says a Thammasat University economist.
The Dubai reference price stood at US$98.8 a barrel on Thursday as news of the Russian invasion spread. The price in the Singaporean market also increased by more than $5 per barrel.
The situation is expected to eventually hike retail oil prices in Thailand by one baht, but for diesel the recent excise tax reduction helped to cap the price below 30 baht a litre, said economist Praipol Koomsap, also a former assistant to the energy minister.
“It’s time for the government to consider decreasing the excise tax on benzine in order…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
