New Tax to Encourage B20 Use
by Wichit Chantanusornsiri (Bangkok Post) The Excise Department is imposing a tax on B20 biodiesel that is 82 satang lower than the B7 tax in a push to make the former’s retail price three baht per litre cheaper than the latter’s, says a senior official.
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B20, a 20% palm-based biodiesel blended with 80% diesel, is to be available at petrol stations from July 1. The use of the new biodiesel blend is meant to absorb the surplus of palm oil, which surged to a stock of 600,000 litres in May from 400,000-500,000 litres typically. The lower B20 price is an incentive for consumers to use the new fuel.
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Most large trucks are compatible with the new fuel, Mr Tibordee said, adding that 30 truck fleets have expressed interest in using B20. READ MORE
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