Ministry mulls 5 baht diesel tax cut
Main goal of action is taming inflation
The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20.
The goal is to tame rising inflation, said a ministry source who requested anonymity.
The ministry believes the Russia-Ukraine war will continue, keeping the global oil price elevated. It sees revenue losses as worthwhile if…
