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Thailand should extend diesel subsidy and cuts excise tax for 3 more months: JSCCIB

The JSCCIB said the administration should look into reducing the cost of raw materials by reducing export tariffs and increasing the export quota for crucial items such as fertilizers while continuing diesel subsidy along with reducing excise tax for diesel for another three months.

The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) has proposed several economic measures for the government to consider. These policies would mend the ailing economy battered by the ongoing conflict in Ukraine, the prolonged COVID-19 pandemic, and rising inflation.

According to the committee, these measures will maintain SMEs’ competitiveness, and alleviate the financial hardship of members of the public.

These policies include continuing diesel subsidy for another three months, along with reducing excise tax for diesel for another three months. The JSCCIB said the…

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