The Minister of Finance reveals another two months to assess the price of oil. Consider reducing the diesel tax. Specify if an extension of time must be discussed during the period. "Acting Government"

Mr. Arkhom Termpittayapaisith The Minister of Finance said that the signing of the ministerial declaration would not extend the measure. Reduce the diesel excise tax rate by 5 baht per liter after the expiration date of July 21, 2023 in order to wait for the new government. come into consideration and assessing the results of the tax collection of the Excise Department Now there are still 2 months before the measures are due. when the time is due Related agencies must come together to discuss again. because now Oil prices tend to fall. including having to consider oil fund status Currently there are still many negatives.

Acknowledged that the renewal of the measures was carried out during this period. must see that during Whether the interim government can take action or not have to look at the law. If it's about the budget The matter must be sent to the Election Commission of Thailand for consideration because it has obligations to the new government. like compensation for electricity bills in the past The matter must be referred to the Election Commission for consideration.

Mr. Arkom said The oil fund's status is now continuing to improve. Able to collect more money into the fund together with the drop in oil prices still based on The Ministry of Finance reduced the tax by 5 baht per liter. lose income from tax measures to help pull diesel prices down to take care of both fuel and transportation categories If the trend of oil prices is down and the fund can collect money for a better position Therefore, one more time must be considered.

The reporter reported that During the past 7 diesel tax reduction measures, the impact on government revenue was 158,000 million baht as follows:

From 18 February to 20 May 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 revenue.

July 21 - September 20, 2022 (2 months), tax reduction of 5 baht per liter, the state lost 20,000 million baht in revenue.

On September 21 - November 20, 2022 (2 months), tax reduction of 5 baht per liter, the state lost 20,000 million baht in revenue.

Date 21 Nov. 2022-20 Jan. 2023 (2 months), tax reduction of 5 baht per liter, the state lost 20,000 million baht in revenue.

On 21 Jan. - 20 May 2023 (4 months), tax reduction of 5 baht per liter, the state lost 40,000 million baht in revenue.

May 21 – July 20, 2023 (2 months), tax reduction of 5 baht per liter, the state lost 40,000 million baht in revenue.

While the Oil Fund takes care of the current oil and cooking gas prices, their status has improved from the previous highest negative of nearly 140 billion, now negative 72 billion baht.

Source: Thai News Agency