Diesel price will not be adjusted up on Oct 1

0
359

BANGKOK, 27 September 2012  – The Finance Ministry has affirmed that the diesel price will not be raised on October 1st, although the ministry still has to ask the Cabinet for an extension to the diesel excise tax reduction policy. 

Deputy Finance Minister Tanusak Lekuthai has affirmed that the diesel price will not be adjusted up on October 1st, despite the expiration of the “diesel excise reduction” measure on September 30th.

The deputy minister said that he will submit to the Cabinet on October 2nd the proposal to further extend the “tax reduction” policy until the end of October. The policy is to cap the diesel excise tax to not exceeding 0.5 satang per litre.

Those using diesel feared that without the extension of the excise reduction measure, retail price of diesel would go up by 10 baht per liter on October 1st. Diesel is currently sold at 30 baht per liter.