Tax reduction on gasoline and diesel fuel effective from 24:00 on March 26, 2026.
From 24:00 on March 26, 2026 to the end of April 15, 2026, the environmental protection tax rate for gasoline (excluding ethanol), diesel fuel, and aviation fuel will be 0 VND/liter. Gasoline, diesel fuel, and aviation fuel are not subject to value-added tax declaration and payment, but input value-added tax is deductible. The special consumption tax rate for all types of gasoline is 0%.
Prime Minister Pham Minh Chinh has just signed Decision No. 482/QD-TTg dated March 26, 2026, on the application of environmental protection tax, value-added tax, and special consumption tax on gasoline, diesel, and aviation fuel when necessary for the national interest.
Specifically, the environmental protection tax rate for gasoline (excluding ethanol), diesel fuel, and aviation fuel is 0 VND/liter.
Gasoline, diesel fuel, and aviation fuel are not subject to value-added tax declaration and payment, but are eligible for input value-added tax deduction.
The excise tax rate on all types of gasoline is 0%.
This decision will be effective from 24:00 on March 26, 2026 until the end of April 15, 2026.
This is considered an urgent and effective solution to stabilize the petroleum market and ensure national energy security amidst the escalating conflict in the Strait of Hormuz, which is creating the "biggest energy bottleneck ever," pushing crude oil prices above $100 per barrel and leading to a sharp increase in global and domestic energy prices.
It is projected that the environmental protection tax, value-added tax, and special consumption tax, along with the application period as described above, will reduce state budget revenue by an average of approximately 7,200 billion VND per month. However, this will be a significant amount of money to help people alleviate difficulties and boost production and business for enterprises.
During the period that Decision 482/QD-TTg is in effect, any legal documents stipulating the environmental protection tax, value-added tax, and special consumption tax rates for gasoline, diesel, and other aviation fuels as prescribed in this Decision shall be implemented in accordance with the provisions of this Decision.
Businesses and importers of gasoline, diesel fuel, and aviation fuel are not required to declare, calculate, or pay value-added tax when selling or at the import stage.
Other matters concerning the tax rates stipulated in this Decision shall be implemented in accordance with current tax laws, tax administration laws, and other relevant laws.
Before March 30, 2026, report to the National Assembly on adjusting tax rates for gasoline, diesel, and aviation fuel.
Previously, the Government also issued Resolution No. 68/NQ-CP dated March 26, 2026, assigning the Prime Minister to issue a Decision on applying environmental protection tax, value-added tax, and special consumption tax rates to gasoline, diesel, and aviation fuel when necessary for the national interest.
Specifically, the Government agrees with the content of the report and proposal of the Ministry of Finance in Submission No. 184/TTr-BTC dated March 25, 2026, regarding the assignment to the Prime Minister to issue a Decision on applying environmental protection tax, value-added tax, and special consumption tax rates to gasoline, diesel, and aviation fuel when necessary for the national interest, and the content of the Ministry of Finance's responses and explanations in Official Letter No. 3717/BTC-CST dated March 26, 2026. The Ministry of Finance is responsible for the content and data of the report and proposal, ensuring compliance with regulations.
The Government assigns the Ministry of Finance to submit to the Prime Minister for consideration and decision the application of environmental protection tax, value-added tax, and special consumption tax on gasoline, diesel, and aviation fuel when necessary for the national interest as mentioned above, in accordance with the authority stipulated in point e, clause 4, Article 13 of the Law on Organization of the Government.
The Ministry of Finance, in coordination with relevant ministries, will prepare a report to the National Assembly on the draft Resolution of the National Assembly before March 30, 2026, regarding the adjustment of environmental protection tax, value-added tax, and special consumption tax on gasoline, diesel, and aviation fuel, following the simplified procedures stipulated in the Law on the Promulgation of Legal Documents, to be submitted to the Government for presentation to the National Assembly at the April 2026 session.
Conflicts in the Middle East have caused significant fluctuations in energy prices, especially oil and gas, disrupted fuel supplies, and led to a rise in global crude oil prices. These impacts have greatly affected the domestic fuel supply and market, causing gasoline and diesel prices to increase rapidly in a short period, impacting the production and business activities of enterprises and the daily lives and incomes of the people.
In response to the rapid and complex fluctuations mentioned above, the Politburo, the Government, and the Prime Minister have issued decisive directives requiring urgent solutions to stabilize the petroleum market and ensure national energy security.
Thanks to the decisive and timely directives of the Politburo, the Government, the Prime Minister, and the active participation of ministries, localities, and businesses, we can see that we have basically controlled the situation well. Response measures have been implemented promptly, flexibly, and effectively; the domestic supply of crude oil and petroleum products is basically ensured, meeting the needs of production, business, and consumption; the supply chain is basically smooth; domestic gasoline and diesel prices are managed closely following the world market, much lower than many countries in the region, including those sharing borders; production, business, and consumption are ensured, contributing to socio-economic stability.
