Oil tariff cut, gasoline unchanged

The Ministry of Finance has issued Circular 61 modifying preferential import tariff rates imposed on some petrol and oil products, taking effect on May 4.

The tariff rate has been cut from 20 percent to only 12 percent for diesel types, and 25 percent to 13 percent for Mazut.

It remains unchanged at 20 percent for Ron 92 and Ron 95 and gasoline ethanol blends E5 and E10.

Retailed gasoline price is VND17,280 a liter after being increased four times and reduced three times since the beginning of this year.

By Ngoc Quang – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.