Rising fuel costs, compounded by expensive raw materials and shipping charges, have squeezed profit margins and discouraged investment. The Oil Fuel Fund, which has been used to cushion fuel prices, is nearly depleted. The FTI has called for a reduction in excise tax to lower retail fuel prices, curb inflation, and protect consumer purchasing power. "Excise tax reduction will alleviate the burden of high fuel costs on citizens. High fuel prices risk driving inflation, which is dangerous for Thailand's already sluggish economy," Mr Kriengkrai said.

Source: Bangkok Post March 30, 2026 22:50 UTC