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Thailand Considers Fuel Tax Cuts Amid Rising Oil Prices

3/31/2026

27 6 Full Breakdown

Summary

Story summary

Thailand is considering cuts to fuel excise taxes to ease rising living costs from higher oil prices.
The Cabinet approved a plan for the Finance Ministry to study reductions, which could lower prices but reduce state revenue.
A 1-baht excise cut could cost the government about 2.8 billion baht monthly.
The Oil Fuel Fund faces a 42 billion baht deficit, prompting talks on measures to manage price volatility.

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Story summary

Thailand is considering cuts to fuel excise taxes to ease rising living costs from higher oil prices.
The Cabinet approved a plan for the Finance Ministry to study reductions, which could lower prices but reduce state revenue.
A 1-baht excise cut could cost the government about 2.8 billion baht monthly.
The Oil Fuel Fund faces a 42 billion baht deficit, prompting talks on measures to manage price volatility.