The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.
Rachada Dhnadirek, deputy government spokeswoman, said the cabinet’s move also aims to reduce the financial burden on the state Oil Fund, which currently subsidises the diesel price at 8 baht per litre.
According to a recent report by the Energy Ministry presented to the cabinet, the Oil Fund paid an average of 7.25-7.6 billion baht per month in subsidies to maintain the retail price of diesel at 30 baht per litre from January to February, a price…
