SEARCH:
feed

Govt to reduce oil excise taxes if global price hits US$ 70-80/barrel

By k on July 31, 2009

Govt to reduce oil excise taxes if global price hits US$ 70-80/barrel thumbnail

BANGKOK, 31 July 2009 (NNT) – Oil excise taxes may be reduced if the global oil price increases to 70 to 80 USD per barrel, according to Finance Minister Korn Chatikavanij.

Mr Korn said the Government would consider decreasing the oil excise taxes to help relieve burdens of people as the global oil price was aggressively volatile due to the current economic situation. The Government was ready to explain its decision to include the Excise Tax Tariffs bill in the agenda of the special parliamentary session in August this year, he added.

The minister also expressed confidence that the 2009 revenue collection would be less than the projected target by only 170 billion baht. The ministry earlier forecast that the revenue would be lower than the target by 280 to 300 billion baht.

Related posts:

  1. Govt´s excise tax collection exceeds target BANGKOK, 13 December 2009 (NNT) - The government’s income...
  2. Global crude oil price expected to fall to US$54-65/barrel this week BANGKOK, 16 August 2009 (NNT) – Energy expert Manoon...
  3. Senators Group: PM, Govt must clarify to pass Bht 400 bn loan bill BANGKOK, 10 August 2009 (NNT) – 40 Senators Group has...
  4. People in Bangkok ask for Benzine price cut BANGKOK, 16 August 2009 (NNT) – Suan Dusit Poll reveals...
  5. Oil fund not to shoulder oil price more than 4 months BANGKOK, 1 June 2009 (NNT) – Energy Minister MD Wannarat...

Related posts brought to you by Yet Another Related Posts Plugin.

Readers Comments





Business News »

Business community disagrees with House dissolution

March 16, 2010

BANGKOK, Mar 16  (TNA) – Most Thai businesspeople disagree with the call by the Red Shirt movement to dissolve the House because it will negatively affect the overall economy, according to Thai Chamber of Commerce Deputy Secretary-General Pornsilp Patcharintanakul.
Should the House be dissolved, he said, it would take at least six months to put the [...]

Bank And Finance »

Additional banks declared closed during UDD rally

March 15, 2010

BANGKOK, 14 March 2010 (NNT) - Commercial banks have requested temporary suspension of their operations at 17 branches located in Bangkok from 15 March onwards owing to the mass rally of the anti-government United Front for Democracy against Dictatorship (UDD), according to the Bank of Thailand.
Krung Thai Bank is closing its branches located on Ratchadamnoen [...]

General News »

Red Shirts collecting blood from volunteers, target one million cc

March 16, 2010

Red Shirts collecting blood from volunteers, target one million cc thumbnail

BANGKOK, March 16 (TNA) - Thai anti-government demonstrators on Tuesday began collecting blood from volunteers, targeting  a goal of one million cc before pouring it at all gates of Government House as part of their plan to intensify their campaign to bring down the administration of Prime Minister Abhisit Vejjajiva after he rejected their demand [...]

Economy »

Baht likely stand around 32.50-33.00 THB/USD

March 16, 2010

Baht likely stand around 32.50-33.00 THB/USD thumbnail

BANGKOK, 16 March 2010 (NNT) – The Thai baht is expected to move in the range of 32.50-33.00 THB to the US dollar this week, according to the Kasikorn Research Center (KResearch).
The movement of the Thai currency is expected to be influenced by the ongoing rallies of the United Front of Democracy Against Dictatorship (UDD), [...]

Energy »

More energy needed: more solutions wanted

March 10, 2010

BANGKOK, 10 March 2010 (NNT) - The Ministry of Energy hosts the ‘Fuel Options for Electricity Generation’ seminar to discuss possible energy alternatives for Thailand
Minister of Energy, Dr Wannarat Channukul, presided over the opening ceremony advising public and private sectors to not emphasize development on a certain alternative energy source too much. Disruption of energy [...]

Politics »

Lack of quorum causes postponement of joint parliamentary sitting

March 16, 2010

BANGKOK, 16 March 2010 (NNT) - Only 80 out of 625 Parliament members signed up for the joint parliamentary meeting this morning, causing Parliament President Chai Chidchob to order definite postponement of the meeting due to lack of quorum.
Mr Chai said the meeting was earlier scheduled because a backlog of draft laws were awaiting parliament’s [...]