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Thailand approves tax cut on diesel to ease high prices -Breaking

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© Reuters. FILE PHOTO – Cars stopped at the PTT Public Company Limited gas station in Bangkok on January 28, 2016. REUTERS/Athit Perawongmetha

BANGKOK (Reuters] – The Thailand cabinet has agreed to lower the excise duty on diesel to 3 baht ($0.0927) per litre. It was currently 5.99 baht, and will be reduced by three months, Santi Promphat said to reporters. This is to offset the high prices of fuel.

($1 = 32.3500 baht)

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