The Ministry of Energy is mulling additional measures to manage fuel prices, following the Cabinet’s approval of a proposed excise tax reduction on diesel for three months. The decision effectively halves the rate from 5.99 baht to 3 baht per liter to help alleviate the fuel price crisis.
The ministry will soon hold a meeting of the subcommittee on fuel fund management to discuss the matter. Officials hope to freeze the price of diesel at 30 baht per liter until the end of May amid rising global fuel costs.
Following the Cabinet’s decision, the ministry will also hold discussions with fuel distributors about replenishing their supplies to meet the public demand.
Authorities are meanwhile urging motorists to be understanding of the current fuel situation, while assuring that the government will do its best to alleviate public financial burdens through new policies and regulations. (NNT)
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