HCMC – Effective from early April 16, the environmental protection tax, special consumption tax, and value-added tax (VAT) on key petroleum products in Vietnam are down to zero under the National Assembly’s Resolution 19/2026/QH16.
In the same price adjustment, the diesel price fell by VND1,920 per liter, while RON 95-III gasoline edged up by VND220 per liter due to global energy price fluctuations.
RON 95-III gasoline, the most widely used grade on the market, now costs VND23,760 per liter. Similarly, E5 RON 92 rose by VND250 to VND22,590 per liter. In contrast, oil products declined by between VND1,920 and VND2,280 per liter, depending on type. Diesel and heavy fuel oil are now priced at VND31,040 per liter and VND20,330 per kg, respectively.
According to Document No. 1088/TTTN-XD issued last night by the Agency for Domestic Surveillance and Development (under the Ministry of Industry and Trade), the tax exemptions apply to gasoline, diesel, kerosene, heavy fuel oil, and jet fuel from April 16 through June 30, 2026.
Specifically, the environmental protection tax and special consumption tax have been reduced to zero, while petroleum products are exempt from VAT declaration and payment, though input VAT remains creditable. The across-the-board tax cuts are expected to reduce state budget revenue by around VND7.3 trillion per month.
