FTI seeks waiver of diesel excise
Energy policymakers admit fuel prices poised to rise
The Federation of Thai Industries (FTI) is calling on the government to temporarily waive the diesel excise tax to allow it to better manage borrowing to continue the diesel price subsidy programme.
The suggestion was made as energy policymakers admitted on Friday that diesel prices, currently capped at below 30 baht a litre, and liquefied petroleum gas (LPG) prices, which are fixed at 318 baht per 15-kilogramme gas cylinder, are likely to increase as subsidies from the Oil Fuel Fund are running low.
The ongoing subsidy programme is based on the Dubai crude oil…
