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Thailand chops E85 excise taxes in bid to reduce oil imports by $3.3 billion

May 28, 2008

In Thailand, the government announced that a biofuels incentive package that reduces the excise tax on E85. The government said that the incentives, combined with the launch of E85 at 50 stations controlled by state oil firms, would result in a savings of $3.3 billion in oil imports.

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    Written by Jim Lane · Filed Under International 

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