Thai Cabinet to Consider Reducing Fuel Excise Taxes Amid High Prices
Thansettakij
Key summary
The Thai Prime Minister is set to discuss with the Cabinet this week a proposal to reduce excise taxes on diesel and gasoline following a surge in fuel prices. Finance Ministry sources indicate that reducing the tax on diesel by one baht per liter would decrease government revenue by approximately 2,000 million baht monthly, while reducing taxes on both diesel and gasoline by one baht per liter would cut revenue by about 2,800 million baht monthly. Current excise rates are 7.44 baht per liter for diesel and between 5.85 and 7.50 baht per liter for gasoline. The government faces a trade-off between alleviating the cost of living for citizens and maintaining fiscal stability.
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Source report
Thansettakij
Read original ↗https://www.thansettakij.com/economy/672140