Import tax on petroleum

The government amends the preferential import tax rate for some types of gasoline, oil, and gasoline and oil production materials. Photo: Pham Dong

Government reduces import tax on some gasoline and oil items to 0%

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The government reduces the preferential export tax rate from 10% to 0% for unleaded engine gasoline; reduced from 7% to 0% for gasoline and oil fuels.

The Ministry of Finance proposes to reduce preferential import tax to 0% for some gasoline and oil items. Photo: Tuyet Lan

Ministry of Finance proposes to reduce import tax on gasoline to 0% due to Middle East tensions

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The Ministry of Finance proposes to reduce preferential import tax to 0% for some gasoline and oil items in order to increase import capacity and contribute to stabilizing the domestic market.