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Arkhom coy on diesel excise tax cut

Arkhom Termpittayapaisith Oil Pandemic World Bank

Motorcycles refuel at a petrol station. Mr Arkhom says the status of the Oil Fuel Fund improved as global crude oil prices drop, in parallel with the ministry's excise tax cut. (Photo: Chanat Katanyu)

Finance Minister Arkhom Termpittayapaisith has refused to take a stance on whether the diesel excise tax cut needs to be extended, saying it depends on global oil prices.

The cabinet of outgoing Prime Minister Prayut Chan-o-cha extended the excise tax cut on diesel of 5 baht per litre until July 20 to help ease the cost of living.

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