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Tuesday, May 14, 2024

Diesel cap per litre to stay at B32

Diesel cap per litre to stay at B32

Higher excise tax cut relieves burden

Vehicles queue to refuel at a Bangchak petrol station. The cabinet agreed on Tuesday to cut the excise tax on diesel by 5 baht per litre for two months until July 20 to tame rising inflation and mitigate the impact of high energy prices on consumers. (Photo: Sarot Meksophawannakul)

The government will continue to cap the diesel price at 32 baht a litre thanks to the increased diesel excise tax cut of five baht a litre, says the board of the Oil Fuel Fund.

Authorities will spend around two baht of the five-baht reduction supporting the subsidy programme, allowing them to maintain the retail price of diesel,…

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