According to Reuters article published on March 14, 2023, Thailand’s cabinet on Tuesday agreed to extend an excise tax cut on diesel for another two months to July 20 to help reduce the costs of living, a government official said on Tuesday.
The tax cut of 5 baht ($0.1451) per litre will lead to a loss in revenue of 20 billion baht ($580.21 million), government spokesperson Anucha Burapachaisri told a news conference.
$1 = 34.47 baht
