BANGKOK, Nov 21 – Thailand’s excise tax reduction for diesel oil will be extended until the end of December, the cabinet decided yesterday.
Chalitrat Chandrubeksa, deputy spokesman of the Prime Minister’s Office, said the cabinet’s resolution to maintain the lower excise tax for another month was aimed at alleviating the public burden in light of higher fuel prices in the global market.
An informed source said the government will lose Bt9 billion revenue from the excise tax reduction.
The previous government lowered the excise tax on diesel oil by Bt0.005/litre, maintaining the diesel price at Bt5.31/litre while the real market price should be Bt5.83/litre, the source said.
