Thailand was considering excise tax cuts on certain petroleum products to ease cost-of-living pressures from the energy crisis, with proposed reductions covering E20 and B20 biofuels. The government said any tax-cut package would be designed to protect Thailand’s fiscal position.
Thailand’s Finance Minister Ekniti Nitithanprapas said on 21 September 2026 that the government was considering cutting excise taxes on certain petroleum products to ease cost-of-living pressures caused by the energy crisis.
The proposed reductions would cover blended biofuels such as E20 and B20, which Ekniti said would also benefit farmers. Thailand had already reduced refinery margins and used the Oil Fuel Fund to stabilise fuel prices, leaving tax cuts among the remaining measures under consideration.
Ekniti said any tax-cut package would be designed not to affect Thailand’s fiscal position, which is considered by credit rating agencies. He also planned to seek cabinet approval on Tuesday, 22 September 2026 to extend a consumer subsidy program.
