Thailand plans to reduce biofuel taxes to decrease crude oil imports
智通财经2026/10/07 05:36(1) The Thai government is considering reducing the excise tax on biofuels to lower prices and boost consumption. On Wednesday, Energy Ministry spokesperson Phongphol Yodmankchalern stated during a press conference that the Energy Ministry and the Ministry of Finance are currently formulating a tax reduction plan. (2) Phongphol noted that biofuels, which are produced by blending gasoline or diesel with biomass fuel, can be produced domestically at a low cost. The excise tax on bio-gasoline and bio-diesel is around 6 baht per liter. (3) Expanding the use of biofuels would help reduce crude oil imports and ease the government's burden of fuel subsidies.
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(1) The UK Debt Management Office issued £1 billion of government bonds through a programmed auction, with a coupon rate of 0.25% and maturing in July 2031, receiving strong demand. (2) The awarded yield was lower than the yield offered by sellers at the time of bidding, with a high bid-to-cover ratio and a narrow tail spread. (3) Specifically, this 4.75-year bond achieved an average yield of about 4.84%, roughly 2 basis points below the sellers' offer, with total bids amounting to approximately £4.39 billion, a bid-to-cover ratio of about 4.4 times, and a tail of about 0.3 basis points.
