Thai Enquirer News Summary – October 27, 2026

The Thai Enquirer reports on October 27, 2026 that Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas announced planned excise tax cuts for E20 petrol and B20 diesel, along with installation subsidies for household solar systems. The aim of these proposed tax cuts is to boost demand for agricultural products like sugarcane, cassava, and palm oil while easing the Oil Fuel Fund's 100-billion-Baht deficit burden.

However, lower taxes may replace existing subsidies rather than directly reduce pump prices. The Finance Minister emphasized that using borrowed funds to directly benefit citizens is a more targeted approach, as reducing excise taxes would only widen the budget deficit and reduce revenue. The People's Solar program, offering 50,000-Baht subsidies to 1 million households and low-interest loans from three state banks, is set to be submitted to the Cabinet for approval on the same day.

Brief written by urgent.news from Thai Enquirer's own syndicated text. Machine-written — may contain errors; check the original before relying on it.