Private sector applauds decreasing excise levy

Private sector applauds decreasing excise levy Move to ease burden of rising living costs The business sector has welcomed the government’s latest decision to cut the diesel excise tax by 5 baht per litre for two months, claiming if diesel prices were left unharnessed, it would add to people’s hardships and negatively affect the country’s exports. Chaichan Chareonsuk, president of the Thai National Shippers’ Council, said the government made the right decision as diesel is a key factor that affects production costs. “In fact, the government should extend the excise tax cut by more than two mon…

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