The Thai cabinet has decided to subsidise the diesel price until January 20th, which means a loss of excise tax revenue for the state of another 20 billion baht.
After the cabinet meeting today (Tuesday), Prime Minister Prayut Chan-o-cha told the media that the cabinet decided to maintain the diesel price by prolonging the 5-baht/litre excise tax cut on diesel.
He admitted that the continuation of subsidies on diesel fuel will mean more spending and a need to borrow more. He said that he understands this will place a greater burden on the next government adding, however, that the subsidies are necessary, as he assured that the government will try its best to manage its debt.
Full Story: https://www.thaipbsworld.com/diesel-price-in-thailand-to-be-pegged-at-current-level-for-two-more-months/