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INSANE: Call for state to cut benzine excise tax | Vintage Vibes

Russia Thammasat University

An attendant refuels a pickup at a petrol station in Bangkok.

The government should offer another temporary excise tax cut of three baht on benzine to ease the financial burden from soaring global oil prices caused by the Russia-Ukraine clash, says a Thammasat University economist.

The Dubai reference price stood at US$98.8 a barrel on Thursday as news of the Russian invasion spread. The price in the Singaporean market also increased by more than $5 per barrel.

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