Thailand's government is considering reducing excise tax on fuel to alleviate cost-of-living pressures from the energy crisis. Finance Minister Nitipon notes three key tools for managing energy prices: the Oil Fuel Fund, refinery margin cooperation, and excise tax adjustments. However, the government must balance relief measures with fiscal discipline—any tax cut could reduce state revenue while public debt stands at 67.54% of GDP, nearing a statutory ceiling. The proposal targets biofuels and E20 blends containing ethanol and palm oil-based biodiesel.
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