Vietnam to stabilise petrol imports until year-end

by VTV413 October 2015 Last updated at 06:52 AM

(Photo credit: Tuoi Tre)

VTV.vn - The Ministry of Finance has confirmed it will maintain a import tax rate of 20% for petrol, 10% for diesel, mazut and jet fuel and 13% for kerosene.

The ministry announced that from January 1 next year, taxes on diesel, kerosene, mazut and jet fuel imported from ASEAN to Vietnam will fall to 0%.

The ministry said the change was part of Vietnam’s international trade commitments, movements in global prices and government policies on oil and gas business.

Retail petrol price falls by VND768 per litre

VTV.vn - The retail price of RON 92 petrol has been cut by VND768 to touch VND18,532 (86 US cents) per litre from 3pm on Wednesday, according to the Ministry of Industry and Trade and Ministry of Finance.