The Thai government is considering extending the excise tax cut on diesel, which is set to expire on July 20. Prime Minister Prayut Chan-o-cha directed the Finance Ministry and other relevant agencies to evaluate the feasibility of prolonging the tax reduction.
Energy Minister Supattanapong Punmeechaow revealed that the Finance Ministry has been tasked with determining the appropriateness of an extension. This decision will be based on a study that must first be submitted to the Election Commission, in compliance with the law.
Finance Minister Arkhom Termpittayapaisith confirmed that the ministry is in discussions with the Energy Ministry on a joint approach to support the tax cut. If it is not feasible to continue, Arkhom mentioned that some advisors believe the Oil Fuel Fund mechanism could still be utilised through effective management to oversee
