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Govt approves B3 tax cut on diesel to ease high prices

FILE PHOTO: Police stand guard as hundreds of lorries drive towards the Ministry of Energy headquarters as they protest over diesel prices in Bangkok, Feb 8, 2022. (Reuters)

The cabinet on Tuesday agreed to cut the excise tax on diesel by 3 baht per litre, from 5.99 baht currently, for three months to help mitigate the impact of high energy prices, deputy finance minister Santi Promphat told reporters.

The cabinet approved a draft decree to cut the tax from February to April, a source at Government House said. It would take effect after publication in the Royal Gazette. 

The move came on the expiration day of a 7-day ultimatum set by truckers to reduce the high prices.

On Feb 8, the Land Transport Federation of Thailand (LTFT) brought about 50 heavy lorries to the Energy Ministry on Vibhavadi Rangsit…

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