The Finance Ministry is expected to propose cutting the excise tax on diesel to the cabinet on Tuesday, in a bid to ease the impact on the cost of transport, a ministry source said on Monday.
Finance Minister Arkhom Termpittayapaisith and Energy Minister Supattanapong Punmeechaow had discussed the proposal, as high oil prices are affecting costs in all sectors, the source added.
The Excise Department collects diesel excise tax of 5.99 baht per litre — totalling 12 billion baht a month or 144 billion baht per annum — from the country’s monthly diesel consumption of approximately 2 billion litres.
The source said the…
