The cabinet on Tuesday agreed to extend the excise tax cut on diesel by 5 baht per litre for another four months to keep prices below 35 baht per litre to help ease the costs of living.
The tax cut, the sixth in succession, will last until May 20 and will cost the government about 10 billion baht in lost revenue per month, or 40 billion baht in total, acting government spokesman Anucha Burapachaisri said.
