Govt to ramp up fuel price subsidies, cut taxes, suspend debt

Following weeks of protests against rising fuel and living costs, the government has announced a 10-point plan to alleviate the impact of increases in the cost of fuel arising from Russia’s invasion of Ukraine, and will also suspend half of farmers’ multimillion baht debt repayments.

Prime Minister Prayut Chan-o-cha said during a press conference after the weekly cabinet meeting on Tuesday that the volatility of energy prices caused by the invasion has affected the cost of production and transportation of goods and services, causing the cost of living to rise, especially for low-income earners and labourers.

After evaluating…