Deputy Finance Minister Santi Promphat said the rising cost of fuel is still a short-term problem, and it is too early for the ministry to consider cutting the excise tax for benzyl fuel.

As for diesel, he said the Oil Fund is responsible for ensuring the price does not rise.

Meanwhile, Santi said he does not think the Russia-Ukraine war will expand because superpowers like the US, EU and China are trying to stop that from happening.

In the meantime, he said, Thais can use public transport to reduce their daily expenses and reduce the consumption of energy.

Thais urged to use public transport to cut down on expenses as fuel price not dropping

The Finance Ministry announced on Monday that it was not reducing the excise tax on benzyl fuel because it has already spent huge sums on maintaining the price of energy.