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Cabinet approves diesel tax waiver

The Cabinet on Wednesday approved the extension of the diesel excise tax waiver to end-January, after winning the Election Commission's consent.

Acting Deputy Finance Minister Tanusak Lekuthai said that the caretaker government plans to seek the EC’s approval for another 3-month extension. He said this should be enough to cover the election and government formation period.

To maintain the diesel pump price below Bt30 per litre, the Abhisit government in May 2011 waived the excise tax of Bt5.30 per litre as well as the value-added tax of 40 satang per litre.


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