Thai Cabinet approves diesel tax cut


The Cabinet has approved a proposed excise tax reduction for diesel for three months, effectively halving the rate from 5.99 baht to 3 baht per liter to help alleviate the fuel price crisis.

This lowered excise tax rate will help bring down the retail price of diesel at petrol stations. The government hopes this measure will bring down the pricing of other commodities and consumer products, and alleviate the financial constraints caused by the fuel price crisis.

At the previous rate, the Excise Department generated around 12 billion baht monthly from diesel excise tax, or around 144 billion baht each year. The rate is calculated based on the average diesel consumption at some 2 billion liters each month.

The Ministry of Finance now expects this temporary tax reduction to cut its revenue down by 5.7 billion baht a month for the next three months. However, the decision is expected to benefit the manufacturing industry, the tourism industry, and the agricultural sector, particularly the farmers.

Information and Source

Reporter : Tanakorn Sangiam

Rewriter: Thammarat Thadaphrom

National News Bureau:

The preceding is a press release published with full permission and authorization by the organization(s) listed in the PR material and TPN media. The statements, thoughts, and opinions of the organization involved in the press release are entirely their own and may not necessarily represent those of TPN media and its staff.

Image after post content
Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail About Us: Contact Us: