Environment tax reduction on fuels to come into life from April 1
Environmental protection tax rates on fuels will be reduced from April 1 under the National Assembly (NA) Standing Committee’s resolution recently signed off by NA Chairman Vuong Dinh Hue.
A commuter has his motorbike refilled at a gas station of Petrolimex. (Photo: VNA)
Hanoi (VNA) – Environmentalprotection tax rates on fuels will be reduced from April 1 under the NationalAssembly (NA) Standing Committee’s resolution recently signed off by NA ChairmanVuong Dinh Hue.
Accordingly, they will be halved for petrol (except for ethanol), diesel oil, mazut, lubricatingoil, and grease from April 1 through December 31. That on kerosenewill be cut down by 70 percent during the period.
As a result, the tax willstand at 2,000 VND per litre for petrol (except for ethanol), 300 VND for kerosene, and 1,000 VND for diesel oil, mazut, lubricant,and grease.
Meanwhile, the rate on aviation fuels is imposed in line with another resolution issued bythe NA Standing Committee on December 31, 2021./.
In the face of soaring fuel prices, Minister of Industry and Trade Nguyen Hong Dien proposed several measures for stabilising the market in the long run while fielding queries from full-time legislators on March 16.
National Assembly Chairman Vuong Dinh Hue on March 16 suggested the Government set out clear scenarios to ensure energy safety and security, as well as fuel supply and demand in any circumstances.
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A commuter has his motorbike refilled at a gas station of Petrolimex. (Photo: VNA) 
