The government will likely extend its diesel price subsidy programme that is due to end on May 20, Prime Minister Prayut Chan-o-cha said on Tuesday.
He said the cabinet's decision to lower the excise tax charged per litre on diesel by 3 baht has cost the government 5.7 billion baht in lost revenue each month since it was implemented three months ago, or about 17 billion baht in total.
As high diesel prices are impacting many other products including cooking oil, animal feed and fertilisers, the cabinet will keep the excise tax cut in place to help mitigate the impact of soaring inflation, Gen Prayut added.
