Cabinet Cuts Excise Tax on E20, B20 Fuels
The user wants a short summary (1-2 sentences, 120-220 characters, max 240) for a news deck. The article is about the Thai Cabinet cutting excise tax on E20 and B20 fuels. Key facts: - Cabinet approved excise tax cuts for E20 (5.60 baht/L)
At 12:10 PM on October 27 at Government House, Prime Minister and Interior Minister Anutin Charnvirakul announced that the Cabinet approved excise tax cuts for E20 ethanol and B20 biodiesel to assist farmers, transport operators, and the general public. The move aims to boost demand for agricultural products, support farm prices, and lower fuel costs. When asked about resulting pump prices, the Prime Minister said the Energy Ministry would meet this afternoon to calculate the new rates based on the approved tax reductions. He specified the excise tax cut at 5.60 baht per liter for E20 and 5.50 baht per liter for B20, noting a price gap of roughly 10 baht between the two. The initial measure will last three months before a review, and the Prime Minister emphasized that the reduction applies only to E20 and B20, not across all fuel types.
