Fiscal status unfazed by continued tax discount

Cars queue up at a PTT petrol station. The cabinet on Tuesday extended the excise tax cut on diesel by another four months. (Photo: Chanat Katanyu)

The Finance Ministry is confident the cabinet's decision to extend the diesel excise tax cut by another four months will not affect the country's fiscal status as net revenue collection for fiscal 2023 is expected to exceed the target, says Deputy Finance Minister Santi Promphat.

The cabinet on Tuesday agreed to extend the excise tax cut of 5 baht per litre for retail diesel prices for another four months to May 20.