Thailand adjusts tax structure to promote B20 over B7

In Thailand, the government is changing the fuel tax scheme in order to make B20 cheaper than B7 to promote its consumption. A small tax will be added to B7 while the government will pick up an additional per liter subsidy financed through the Oil Fund. Promoting B20 is meant to help relieve some of the palm oil stocks that rose to 600,000 liters in May from less than half a million liters typically thanks to as much as 1.5 million liters of monthly B20 consumption expected.