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Bangkok Post
Bangkok Post
Business

INSANE: Private sector applauds decreasing excise levy | Rare Historical Photos

Vehicles queue to refuel at a Bangchak petrol station. The cabinet agreed on Tuesday to cut the excise tax on diesel by 5 baht per litre for two months until July 20 to tame rising inflation and mitigate the impact of high energy prices on consumers. (Photo: Sarot Meksophawannakul)

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.

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