The Civil Aviation Authority of Vietnam issued an aviation transport exploitation plan in the context of fluctuating fuel prices for Jet A-1.
According to the Civil Aviation Authority, with the tense developments and no signs of cooling down from the war situation in the Middle East, the average price of MOPS Jet A-1 in March may be around 190-200USD/barrel (on March 24, 2026, the price of Jet A-1 had reached 234.34 USD/barrel), especially the physical surcharge (premium) increased sharply to over 30 USD/barrel (reaching a peak of 39.6 USD/barrel on March 24).
Along with that, oil refining costs, war risk insurance and local scarcity as regional oil refineries reduce capacity have caused the total cost of aviation fuel to increase sharply and is forecast to continue to remain high.
Faced with the current situation and existing risks, along with the reported recommendations, the Civil Aviation Authority of Vietnam reports and proposes to the Ministry of Construction to consider and report to the Government and competent authorities on urgent solutions to support aviation operations in the face of unfavorable developments from Jet A-1 fuel prices.
Accordingly, the Civil Aviation Authority proposed to allow the application of the aviation fuel surcharge mechanism for basic economy class domestic passenger transport services (determined outside the prescribed maximum price), with flexible adjustments according to Jet A-1 fuel prices.
Consider extending the application period of 0% import tax, reducing environmental protection tax from 1,500 VND/liter to 1,000 VND/liter for Jet A-1 fuel.
Reduce value-added tax (VAT) on Jet A-1 aviation fuel to help businesses reduce cash flow pressure when they have to pay VAT first and then carry out periodic tax refund dossiers.
The Government and the Ministry of Foreign Affairs continue to work and exchange through diplomacy at all levels with countries with large fuel supply sources to create conditions for Vietnamese businesses to continue to implement and deploy new Jet A-1 fuel purchase contracts.
The Ministry of Industry and Trade, the Ministry of Finance, and the National Oil and Gas Group (PVN) directed Nghi Son Refinery to maximize capacity and prioritize Jet A1 fuel production, while prioritizing supplying aviation fuel to domestic enterprises.
