Thailand fuel/pump prices

[Nereus]

Finance Minister Arkhom to push for diesel tax cut

https://www.bangkokpost.com/business/22 ... el-tax-cut

The Finance Ministry is expected to propose cutting the excise tax on diesel to the cabinet on Tuesday, in a bid to ease the impact on the cost of transport, a ministry source said on Monday.

Finance Minister Arkhom Termpittayapaisith and Energy Minister Supattanapong Punmeechaow had discussed the proposal, as high oil prices are affecting costs in all sectors, the source added.

The Excise Department collects diesel excise tax of 5.99 baht per litre — totalling 12 billion baht a month or 144 billion baht per annum — from the country’s monthly diesel consumption of approximately 2 billion litres.

The source said the Finance Ministry is also concerned about the impact of a tax cut on the country’s revenue, as the diesel excise tax is one of the main contributors to the state coffer. If a cut in the diesel excise tax is approved, the government would have to seek revenue from other sources to offset the loss would seek revenue in order to offset the loss.

The source said that some past administrations had cut the diesel excise tax during times of high oil prices. However, this government had gradually raised it to the current level.

In a related matter, Fiscal Policy Office director-general Pornchai Thiraveja said that during the first four months of the 2022 fiscal year, from October 2021 to January 2022, the government was able to collect net revenue of 758 billion baht, higher than the target for the first four months of the same fiscal year by 6%, or 42.6 billion baht.

The amount is 6.1% higher than that recorded during the same period of the previous fiscal year, he added.

The Revenue Department’s revenue collection and state enterprises’ revenue contribution to the state coffers in the first four months of the 2022 fiscal year were higher than projected by 14.3% and 14.7%, respectively.

The department’s higher revenue contribution is attributable to the greater collection of value-added tax and corporate and personal income tax, in line with import growth and the recovery of corporate and personal income due to the economic recovery.

Last week, Mr Arkhom said he was considering using the remaining funds from the 500-billion-baht in borrowing under the second emergency loan decree to ease the impact of high oil prices on the cost of living.

Mr Arkhom said the ministry needed to weigh the legality of whether the government can spend such funds to ease the burden of high oil prices.

The emergency loan decree has more than 100 billion baht remaining after being used to finance stimulus measures to mitigate the impact of the pandemic on the economy.

[Nereus]

Govt approves B3 tax cut on diesel to ease high prices

https://www.bangkokpost.com/business/22 ... igh-prices

The cabinet on Tuesday agreed to cut the excise tax on diesel by 3 baht per litre, from 5.99 baht currently, for three months to help mitigate the impact of high energy prices, deputy finance minister Santi Promphat told reporters.

The cabinet approved a draft decree to cut the tax from February to April, a source at Government House said. It would take effect after publication in the Royal Gazette.

The move came on the expiration day of a 7-day ultimatum set by truckers to reduce the high prices.

[HHTel]

Feb to Apr. It's already past half way into Feb!! And it's not even in the Gazette yet.

So what does that boil down to? Basically - March.

[VincentD]

The locals will buy a diesel pickup instead of a passenger car because the pickup is on a lower tax bracket and therefore will cost less to purchase. They then choose the option with the largest engine and whinge when they can't even pay another baht or two over the already highly subsidized price?? Benzine just went up another 60 satang across the board - it has been increased almost on a daily basis. It's the people who use benzine powered vehicles who should be pushing for a standard increase of all types fuels to be fair to all..
My two baht worth. Rant over.

[bigston]

Vincent, please,,,
a 3 baht rant at least....
keep it fair for all

[Dannie Boy]

The fact is that fuel prices are going up everywhere, so if you subsidise the cost of fuel, something else has to go up to compensate!!

[bigston]

Yeh, but at least you feel good, even for a few microseconds

[Big Boy]

I think they should put it on a bottle of beer (from a non-drinker )

[VincentD]

Vincent, please,,,
a 3 baht rant at least....
keep it fair for all

No worries. What got me riled up was the fact that the people who are getting the subsidy are the same people who are complaining that it is not enough!
I choose to drive a petrol powered car because I'm familiar with them; never really liked diesels, and now with the added anti-pollution measures built in they can be a pain to keep running. The newer ones need an 'Italian tuneup' every so often just to keep the DPF from fouling..
Also, the EVs still don't have the range I need to use and the infrastructure has yet to be developed. Doubt if it'll be in my lifetime..
But yes, it is still fairly reasonable to own and operate your own vehicle in Thailand.

[thecolonel]

Firstly it's important to state, I don't own or drive a car and have never bought fuel in Thailand. I use taxis so please bear with me.

I'm looking to quantify the rise in Thai fuel prices specifically normal unleaded(91 /95?)

Over the last say 12 months. Or whatever period any big increase has been over

I did some googling but got confused because people were telling me that it's gone from 29 to 39 a litre over last 6/12 months. But that's not what I'm seeing on the net

I'm looking to you guys as car owners to simply tell me eg "it's gone up from x to y in last 6 months"

TIA



Sent from my M2007J20CT using Tapatalk

[buksida]

Diesel is still capped at 30 baht, but 91 and 95 have gone up about at least 30% over the past year or so.

[Big Boy]

Diesel is still capped at 30 baht, but 91 and 95 have gone up about at least 30% over the past year or so.

Looking at the pump prices the other day, I think the 30% has been since I had the Avanza on hire through December.

[buksida]

Yeah, that stuff is nearly 40 baht a litre now. It cost me 500 baht to ride to Hua Hin and back on the Enfield at the weekend, nearly double what it was last time I did it.

[Dannie Boy]

Firstly it's important to state, I don't own or drive a car and have never bought fuel in Thailand. I use taxis so please bear with me.

I'm looking to quantify the rise in Thai fuel prices specifically normal unleaded(91 /95?)

Over the last say 12 months. Or whatever period any big increase has been over

I did some googling but got confused because people were telling me that it's gone from 29 to 39 a litre over last 6/12 months. But that's not what I'm seeing on the net

I'm looking to you guys as car owners to simply tell me eg "it's gone up from x to y in last 6 months"

TIA



Sent from my M2007J20CT using Tapatalk

95 Ron is almost 40 Baht a litre at my local garage - my failing memory tells me it was about 30 Baht a year ago so your figures are just about right.

[hhinner]

Firstly it's important to state, I don't own or drive a car and have never bought fuel in Thailand. I use taxis so please bear with me.

I'm looking to quantify the rise in Thai fuel prices specifically normal unleaded(91 /95?)

Over the last say 12 months. Or whatever period any big increase has been over

I did some googling but got confused because people were telling me that it's gone from 29 to 39 a litre over last 6/12 months. But that's not what I'm seeing on the net

I'm looking to you guys as car owners to simply tell me eg "it's gone up from x to y in last 6 months"

TIA



Sent from my M2007J20CT using Tapatalk

This might help:

https://www.bangchak.co.th/en/oilprice/historical