Academic voices support for fuel tax hike

BANGKOK, 7 July 2009 (NNT)- An academic from Thammasat University has voiced support for the Government’s plan to increase fuel excise taxes. He indicated the hike would compel more citizens to curb their consumption and generate revenue for the nation.

Vice Dean for Planning and Development at Thammasat University’s Economics Faculty, Dr. Sakon Varanyuwatana, said the oil excise tax increase would help motivate citizens to try alternative energies. He nonetheless warned the Government that thorough planning and review would be needed.

On the extension of the Government’s assistance measures for low-income earners by another 6 months, Dr. Sakon once again gave his support. The vice dean said that the economy has not yet fully recovered and would benefit from continued policies to aid it.