Bangkok, May 28 – Prepare for a diesel increase of 5 baht / liter after the Ministry of Finance issued a ministerial regulation not to extend the excise tax reduction on diesel that will end on 21 July 2023.
A source from the Ministry of Energy informed that at this time he was aware of the announcement of the ministerial regulations stipulating diesel excise tariffs. By deciding not to extend the measure to reduce the excise tax on diesel by 5 baht / liter, which will end on July 21, 2023, which Mr. Arkhom Termpittayapaisith Minister of Finance Has signed a ministerial announcement on May 12, 2023, which will discuss with the Ministry of Finance again. Because if an immediate increase of 5 baht / liter will affect the public, for example, currently the diesel price is 32 baht / liter, if the tax increase is 5 baht, the price will not be lower than 37 baht / liter.
“The end of the diesel tax reduction measure, July 21, 2023, will be a timeline that has not yet been received by the new government. The Ministry of Energy would have to discuss with the Ministry of Finance. and the Office of the Oil Fund (Oil Fund) to make a plan to deal with it and would have to discuss with the acting government how to proceed in order to have the least impact on the public If at that time the world diesel price goes up in an upward direction and the fund cannot collect enough revenue from diesel to accumulate, ”a source from the Ministry of Energy said.
Mr. Wisak Wattanasap, director of the National Council for Peace and Order, said that the National Council for Peace and Order would have to consult with all parties. In order to lay out a way to cope with it, however, at the moment, the Oil Fund can collect money from diesel to accumulate in the Oil Fund on average around 5 baht / liter, so it must be important to keep track of world oil prices. and still have time Ask the public not to panic that the price will immediately increase by 5 baht / liter because it depends on various factors at that day as well. Accelerate solving the original debt problem. increased liquidity Diesel prices may fall when the tax is raised Retail prices may not increase much.
In this regard, Mr. Arkhom Termpittayapaisith Minister of Finance Has signed a ministerial announcement stipulating diesel excise tax rates. By deciding not to extend the diesel excise tax reduction measure by 5 baht / liter, which will end on July 21, 2023, because it has to wait for the new government to consider because with the budget of the tax collection of the Excise Department that has disappeared as well
By measures to reduce diesel taxes in the past, a total of 7 times, affecting state revenues of 158,000 million baht, as follows: February 18 – May 20, 2022 (3 months), tax reduction of 3 baht per liter, the state lost 18,000 million baht in revenue. May 21 – July 20, 2022 (2 months) tax reduction of 5 baht per liter, the state lost 20,000 million baht in income July 21 – September 20, 2022 (2 months) reduction Tax 5 baht per liter, state loss of income of 20,000 million baht, September 21-Nov. 65-20 Jan. ’23 (2 months), tax reduction of 5 baht per liter, the state loses 20,000 million baht in income, 21 Jan-20 May ’23 (4 months), tax reduction of 5 baht per liter to the state lost income of 40,000 million baht and from 21 May – 20 July ’23 (2 months), tax reduction of 5 baht per liter, the state lost 40,000 million baht in income
While the Oil Fund takes care of oil and cooking gas prices. Currently in a better state From the original maximum minus of almost 1.4 billion baht, but now only minus 72,000 million baht. – Thai News Agency
Source: Thai News Agency
