Cabinet, green light to use the oil fund Taking care of diesel prices after the measures expire on July 20, accepting a loss of 1.56 billion baht in revenue.
Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister's Office, announced that the Cabinet meeting Acknowledge the usage of oil and fuel funds. It is the main mechanism for controlling diesel prices. The Ministry of Finance and the Ministry of Energy have discussed and agreed that tax reductions after the deadline of July 20, 2023 will create obligations for the government in the future. because the cabinet acting as acting during the dissolution of the House of Representatives could not act After the government reduced the diesel tax to alleviate the suffering of the people Since February 2022, a loss of about 156,000 million baht in tax revenue by reducing the diesel tax by 5 baht per liter will be due on July 20, 2023. After that, the same tax rate will be collected as usual.
At present, the situation of crude oil prices in the world market tends to continue to decline. As a result, the price of diesel at domestic refineries decreased accordingly. Therefore, in maintaining the stability of diesel prices using the oil fund Because there are income and legal limitations and does not affect the people During the period of economic recovery, oil funds should be used. with a progressively better financial position responsible for maintaining the stability of diesel prices The Ministry of Finance and the Ministry of Energy will continue to closely monitor the oil price situation.
The Ministry of Finance Freeze the price of diesel fuel not to exceed 35 baht / liter, helping to create macro-economic stability. reduce the impact on the business sector Do not let the retail price of diesel increase to the point that it is an obstacle to economic recovery. Reduce people's expense burden from the volatile crude oil price situation.-Thai News Agency
Source: Thai News Agency