Bloomberg News

Thailand to Extend Diesel, Biodiesel Tax Break to End-March

February 22, 2012

Feb. 22 (Bloomberg) -- Thailand’s Cabinet agreed to extend a reduction in excise taxes for diesel and biodiesel until the end of March amid rising global oil prices, said Pakdihan Himathongkam, a deputy government spokesman.

The extension may reduce government revenue collection by 9 billion baht a month, he told reporters today.

To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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