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

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