The Federation of Thai Industries has pointed out that diesel tax cuts help slow down product prices.
Mr. Kriengkrai Thiannukul, Vice Chairman of the Federation of Thai Industries (FTI) discussed the measures to reduce the diesel excise tax rate. As for the oil content, it dropped 2 baht that it could help slow down the price increase. From the current situation, oil prices in the world market have increased relatively quickly. As a result, retail oil prices in Thailand are more expensive. It also affects the logistics sector, the transport sector and the electric energy price will increase. causing all products to be prepared to adjust accordingly However, the government’s measures to reduce excise tax by 3 baht per liter, divided into 2 baht to reduce the actual diesel price and another 1 baht to the fuel fund. will help slow down those costs that are about to go up or that the operator is preparing to adjust the price of the product can delay time According to the government’s measures stated for a period of 3 months (March-May 2022)
during the next 3 months Must keep track of oil prices in the world market whether there is a trend to stop or continue Currently, oil prices are at 90-94 US dollars per barrel, many parties expect that with the tension between Russia and Ukraine. if there is no war Or there is no invasion, negotiations will make the situation relieve, reduce the pressure may make the oil not higher than this. But if the negotiations are not successful, there will be violence and war. This will cause world oil prices to skyrocket and may quickly break through $100/barrel. which the government needs to find other measures or need to extend the tax reduction measure for more than 3 months or reduce the oil tax rate by more than 3 baht per liter, depending on the change in oil prices
Rising world oil prices or international wars It’s all that happens outside the country. out of control But the measures to reduce the oil tax as a short term measure use urgent fix which the government can control Previously, the diesel excise tax rate was kept at 5.99 baht per liter, when it was reduced by 3 baht, there was still a gap of 2.99 baht that could be reduced further. will help slow down the price increase of the product Including depending on the plot of the entrepreneur and the government’s fiscal and monetary policy
The price of gasoline It may be seen as a semi-luxury item. The user must have a car. It shows that they have wealth, like jewelry, luxury watches, so the government pays more attention to fixing the price of diesel fuel not exceeding 30 baht per liter. because it has a broad impact From industrial plants, transportation, cargo trucks This will greatly affect the cost of living of the people.