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Increasing import tax rate of fuel to 7-8%

After lowered fuel price, Ministry of Industry and Trade also hiked the import tax rates of fuel another 3% in a same day last week for products belonging to 2710 group.

In detail, the import tax of gasoline was adjusted to 7% from 4%, from 3% to 6% for diesel; to 8% from 5% for Madut and kerosene.

As of 14 pm, June 6th, Ministry of Industry and Trade and Ministry of Finance has decided to drop fuel price by VND650-800 a liter, kg.

Accordingly, gasoline price reduced by VND800 a liter to VND21,900 a liter from 22,700 a liter; diesel price downed by VND700 a liter to VND20,500 a liter; Kerosen price fell by VND650 a liter to VND18,250 a liter.

In addition, price from stabilization Fund no change at VND300 a liter/kg.

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