Government Spokesman Tossaporn Serirak said the Cabinet has agreed to a 1-month extension for the collection of reduced diesel excise tax. Under the policy, diesel with the amount of sulfur of not more than 0.005% of its weight, generally known as Diesel B2, as well as diesel with fatty acid methyl ester of not less than 4%, or Diesel B5, are both taxed at 0.5 satang per liter.
The newest round of extension will begin from February 1st to 28th. According to the Spokesperson, this extension will likely reduce the government’s revenue from diesel excise tax collection by as much as 9 billion baht.
