Deputy PM Ekniti warns that cutting oil excise taxes amid rising crude prices (>$100/bbl) and regional tensions risks compounding Thailand's fiscal crisis, given the fuel fund's -87 billion baht deficit and shrinking borrowing room (10 billion baht left in FY2569). However, he signals openness to tax reductions specifically for domestic biofuels (E20, B20) that benefit Thai farmers, provided fiscal sustainability is maintained.
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