HANOI, Vietnam, March 9, 2026 (BSS/AFP) - Vietnam is considering a plan to scrap tariffs on fuel imports, the government said, as the US-Israeli war with Iran disrupts oil supplies and pushes prices to their highest level since 2022. Since the war began more than a week ago with US and Israeli strikes on Iran, prices of fuel in Vietnam have risen sharply and the government has implemented emergency pricing protocols. The cost of the most widely used grade of gasoline has risen 21 percent to 27,040 Vietnamese dong ($1.03) per litre -- the highest since July 2022, state media reported. According to the finance ministry's proposal, which must be approved by the government, the tariff decree would be effective until the end of April. The crisis in the Middle East has seen crude prices soar to nearly $120 a barrel, the highest since Russia's invasion of Ukraine in early 2022.

Source: Bangladesh Sangbad Sangstha March 09, 2026 10:52 UTC