The Vietnamese government has issued Resolution No. 45/2026/NQ-CP, setting the special consumption tax rate on all types of gasoline at 0%.

The resolution takes effect on November 1, 2026, and remains in force until March 31, 2027.

If adjustments to the effective period are needed, either to shorten or extend it, to meet socioeconomic development requirements, ensure energy security or stabilize the petroleum market, the Ministry of Industry and Trade will submit proposals to the Ministry of Finance for consideration and subsequent submission to the government for a decision.

Since the beginning of the year, the government has allocated more than US$2.4 billion to implement tax and fee reductions on petroleum products. Approximately US$154 million is expected to be used in the final two months of 2026 to bring the special consumption tax on gasoline down to 0%.

Beyond tax and fee reductions, the government has introduced several other measures, including proactively advancing state budget funds to the Petroleum Price Stabilization Fund.

These measures have helped keep domestic petroleum prices considerably lower than those in many neighboring countries.

The latest tax reduction follows a sharp increase in domestic fuel prices during the October 29 adjustment.

The retail price ceiling for E5RON92 gasoline rose by approximately US$0.026 per liter to US$1.00 per liter.

E10RON95-III gasoline increased by approximately US$0.020 per liter to a maximum of US$0.99 per liter.

Diesel 0.05S also rose by approximately US$0.027 per liter, bringing its price ceiling to US$1.16 per liter.

Meanwhile, 180CST 3.5S fuel oil increased by approximately US$0.009 per kilogram to a maximum of US$0.91 per kilogram.

Tam An