Vietnam suspends some fuel taxes to stabilise domestic marketPeople queue to buy petrol at a petrol station on March 10, 2026, after Vietnam's Trade Ministry called on local businesses to encourage their employees to work from home to save fuel amid disruptions in supply and price surges. (Photo: Reuters)HANOI - Vietnam's Finance Ministry said on ​Friday it ‌has suspended environmental protection and special consumption taxes on fuels to stabilise the domestic market. The removal of the taxes ​on ⁠gasoline, diesel and jet fuel will be effective until April 15, the ‌ministry said in a statement. The suspension of the taxes will reduce revenue for state coffers ⁠by 7.2 trillion dong ($270 million) a month, the ministry said. ⁠Fuel prices in Vietnam have surged since the United States-Israel war on Iran began at the ⁠end of February, with gasoline ​prices up 21% and diesel prices rising 84%, according to data from top fuel trader Petrolimex.

Source: Bangkok Post March 27, 2026 05:50 UTC