.jpg)
Thai cabinet approves collection of carbon tax. (Photo: iStock)
Updated: Thailand’s government approves carbon tax policy
Thailand’s cabinet on Tuesday approved a carbon tax rate of 200 baht ($5.88) per ton of carbon emissions. Deputy Finance Minister Paopoom Rojanasakul stated in an official announcement that the carbon tax will be integrated into the existing petroleum tax structure, ensuring no impact on retail fuel prices or industrial sector costs.
This measure primarily represents a structural adjustment within the excise tax system, incorporating carbon pricing into the petroleum tax. Currently, seven types of fuels will be subject to this carbon pricing mechanism include gasoline, gasohol, kerosene, jet fuel, diesel biodiesel, liquid petroleum gas and fuel oil.
Updated: Finance ministry to propose carbon tax for cabinet approval
The Thai Ministry of Finance is set to propose a carbon tax measure on Dec. 11 for Cabinet approval, aiming to enhance the country’s efforts in reducing greenhouse gas emissions. Kulaya Tantitemit, Director-General of the Excise Department, announced the plan during the 2025 Sustainability Development Forum. Under the proposal, a carbon tax of THB 200 per ton of carbon emissions will be introduced.
