Thailand considering diesel tax cut extension despite easing fuel crisis
The Finance Ministry is considering whether to extend the excise tax cut of 5 baht per litre of diesel, which is due to expire on January 20. The tax cut was originally imposed last year to suppress soaring pump prices during the fuel crisis, which has now eased. However, the ministry said it was still monitoring the price of fuel in the world market closely.
“Even though the global fuel price has dropped, we have to look at the Singapore market diesel price,” said Finance Minister Arkhom Termpittayapaisith.
