Technology, Consumer Staples May 17, 2022 09:04 PM (GMT+8) · EqualOcean
Thailand's cabinet meeting decided on the 17th that in order to maintain the stability of domestic diesel prices, the tax reduction measures for diesel will continue to be implemented for two months from May 21 to July 20, with a tax reduction of 5 baht per litre of diesel. Therefore, the government's tax revenue will be reduced by 20 billion baht (about 3.9 billion yuan). A spokesman for the Thai Prime Minister's office said on the same day that the last round of diesel tax reduction measures had been implemented for three months and would expire on May 20. The government invested 17 billion baht (about 3.3 billion yuan) for each tax increase and decrease of 3 baht. So far, there has been a gap of 70 billion baht (about 13.7 billion yuan) in the government fuel fund to subsidize energy prices.