The Land Transport Federation of Thailand (LTFT) has called on the government to further cut diesel excise tax and abandon sales of diesel, blended with expensive palm oil-derived methyl ester, for six months to better control domestic diesel prices during the global oil price surge.
The Energy Policy Administration Committee earlier decided to reduce the proportion of methyl ester to 5%, down from 7%, as prices of methyl ester went up. Biodiesel 5, known as B5 for a mix of diesel and 5% methyl ester, will be sold as a single-grade biodiesel until the end of March.
