Bangkok, June 14- "Treasury-Energy" is accelerating to find ways to reduce the transportation burden in accordance with the order of the Cabinet, accepting the use of two mechanisms, the Oil Fund. Excise tax helps reduce costs

Mr. Ekniti Nitithanprapas Director-General of the Excise Department said that after the Cabinet assigned the Excise Department Study ways to reduce the burden of cost of living for the people. After the measures to reduce the diesel tax at 5 baht per liter, due on July 20, the Excise Department must study the law. Both the constitution and the Election Commission of Thailand take care of the cost of fuel. How will it be a burden on the next government? Accept that taking care of diesel costs The mechanism is currently being implemented through the Oil and Fuel Fund. and diesel tax reduction mechanism can go both ways When the price of oil continues to decline causing the oil capital fund to collect money into the fund of 5-6 baht per liter from the Ministry of Finance and the Ministry of Energy prepare to discuss closely to summarize a common approach

Reporters reported that the Excise Department is preparing to assess the impact on revenue collection after the reduction of the diesel tax by 5 baht per liter, affecting excise tax revenue by about 10 billion baht per month. It is expected that in the fiscal year 2023, the government may lose revenue from diesel fuel 70 billion baht.

At the Cabinet meeting, several studies were conducted. both using mechanisms from the oil and fuel funds to help take care of that The diesel tax reduction helped for a while, but not by 5 baht per liter, because during the formation of the new government must present a plan The Election Commission considers such guidelines. Now the price of oil continues to decline. admit that diesel fuel It is the main fuel for use in all types of transportation sectors. from upstream to downstream Until affecting the cost of the transportation sector, all industry groups claim that high costs affect product price adjustments.-Thai News Agency

Source: Thai News Agency