At last ! It took long time, and many people within the government didn’t agree… but at last they have decided to scrap the diesel subsidy (part of the Samak Plan) that was decided last july.
With falling oil prices, this subsidy became totally obscene. Nonsensical.
The Cabinet on Wednesday gave the greenlight to the increase of excise taxes on petrol and diesel, to encourage the public to save energy.
The decision will take effect on Feb 1.
Among the six energy-saving measures approved by the Samak government, the Abhisit government decided to scrap the excise tax cut. As a result, the excise taxes on all fuel products would return to the pre-July 2008 level.
Jesus… Nation is so stupid… What a bunch of brainless people.
Excise taxes on petrol would reach the limit of Bt5 per litre from Bt3.685-Bt4.685, while that of diesel would be Bt3.6-Bt4 per litre from Bt0.005-Bt2.405. Meanwhile, the tax on gasohol E85 is cut to Bt0.75 from pre-July level at Bt2.5795, while that of gasohol E10 and E20 is raised to Bt3.317. Biodiesel B5’s tax is maintained at Bt2.19.
Finance Minister Korn Chatikavanij said that these measures would promote alternative energy and agricultural products as well as reduce crude oil imports.
“The government should earn additionally Bt1.572 billion from these measures,” he said. (Nation)
This guy is a pathetic liar. It will bring much more money than 1,5 billion… Because it costed much more. 😉 It has even been a disaster for public finances (read my article).
And they need badly that extra money to finance, for instance, the stupid 2000 THB allowance for every living organisms.
But of course, I forgot that they wanted to create a subsidy for the end of the subsidy (read here).
It is now confirmed.
Energy Minister Wannarat Charn-nukul, as chairman of the National Energy Policy Committee, said the committee resolved on Thursday to help delay the full increase in pump prices to alleviate consumers’ burden. Meanwhile, pump prices could be raised by no more than Bt1.50 per litre in the subsequent round.
“It should take about two months for the pump prices to be increased to match the higher excise taxes,” he said, adding that the Oil Fund would need to spend about Bt3.5 to Bt4 billion to subsidise the prices. (Nation)
All this circus to “save” 2 months… What a bunch of pathetic bozos.