No reduction in petrol tax instead of price increase

That is the affirmation of the representative of the Tax Policy Department, Ministry of Finance in response to people's concerns about the high domestic gasoline price increase.

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The representative of the Tax Policy Department also said that the average tax and fee rates in the gasoline price structure of our country are lower than those of other countries in the region. Specifically, they are 2-4% lower than those of China and Cambodia. Therefore, the domestic gasoline price is also 2,000-3,000 VND lower than those of the above countries.

Responding to the question of the current gasoline price in Vietnam being a few thousand dong per liter higher than the US, a representative of the Tax Policy Department explained that the gasoline price in the US changes hourly and daily. Meanwhile, the gasoline price in Vietnam needs to increase every 10 days, so it is impossible to compare the similarities in gasoline prices between the two countries.

According to VTV Online