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Diesel price in Thailand to be pegged at current level for two more months

Diesel price in Thailand to be pegged at current level for two more months

14 Sept 01:30 Key points summarised by AI
  • Thailand's cabinet approved extending the 5-baht/litre excise tax cut on diesel until January 20th, maintaining current price levels.
  • This subsidy extension will result in a 20 billion baht loss in state revenue and necessitate new loans for the Oil Fuel Fund, increasing the national debt.
  • Alongside the diesel decision, the cabinet also sanctioned an 81 billion baht rice price guarantee scheme for the 2022-2023 crop season.
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