Prime Minister Anutin Charnvirakul said Finance Minister Ekniti Nitithanprapas has proposed a 1 baht reduction in the diesel excise tax.

He noted several factors were taken into consideration, particularly price differentials with neighbouring countries. When domestic fuel prices are lower than those in Malaysia, there is a risk of cross-border diversion.

He said safeguards must also be in place to prevent stockpiling.

However, Anutin rejected allegations that his administration is favouring large business interests during the global energy crisis.

He stressed that it would be unthinkable to prioritise anyone above the public, adding that he would never protect any group more than those who elected him.

He also underscored the need for clear communication to avoid confusion amid varying media narratives, reiterating that the government is fully aware of its mandate and the trust placed in it by the people.

“There is no way I would consider anyone more important than the people,” he said.

Meanwhile, Thailand’s diesel price rose by 3.50 baht (RM0.43) to 44.24 (RM5.46) baht per litre on Thursday, after the Oil Fuel Fund Management Committee approved a reduction in diesel subsidy rates on Wednesday.

Petrol price also increased by 1.20 baht (RM0.15) per litre on April 2, with Gasohol 95 now priced at 43.25 baht (RM5.34) per litre and Gasahol 91 at 42.88 baht (RM5.29) per litre.