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Thailand: Diesel tax cut extended to ease living costs
The cabinet on Tuesday agreed to extend an excise tax cut on diesel for another two months to July 20 to help reduce the costs of living, a government official said on Tuesday.
The tax cut of 5 baht (US$0.14) per litre will lead to a loss in revenue of 20 billion baht ($579.20 million), or about 10 billion baht ($289.60 million) in lost revenue per month, government spokesperson Anucha Burapachaisri told a news conference.
The recent tax cut, the seventh in succession, will prevent the retail diesel price from increasing rapidly or at a level that would impede the country’s economic recover, he added.
Source: https://www.bangkokpost.com/business/2527725/thailand-extends-diesel-tax-cut-to-ease-living-costs-says-government-official