vietnam fuel prices

Update news vietnam fuel prices

Vietnam cuts gasoline excise tax to 0% until March 2027

Vietnam has reduced the special consumption tax on all types of gasoline to 0% from November 1, 2026, through March 31, 2027, as part of efforts to stabilize domestic fuel prices and safeguard energy security.

Vietnam proposes fuel pricing freedom with safeguards against collusion

Vietnam’s trade ministry has proposed allowing fuel suppliers and distributors to set their own prices, while using mandatory price declarations to monitor pricing behavior and detect collusion and cartels.