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Bangkok Post
Bangkok Post
Business

Subsidy on premium diesel revoked

Rachada Dhnadirek Oil Fund
Cooking gas becomes pricier for some people after the state allows traders to hike prices from April 1. (Photo: Apichit Jinakul)

The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.

Rachada Dhnadirek, deputy government spokeswoman, said the cabinet's move also aims to reduce the financial burden on the state Oil Fund, which currently subsidises the diesel price at 8 baht per litre.

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