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.

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

Responding to the question of why gasoline prices in Vietnam are currently a few thousand dong higher per liter than in the US, a representative of the Tax Policy Department explained that gasoline prices in the US change hourly and daily. Meanwhile, if gasoline prices in Vietnam want to increase, it must complete a 10-day cycle, so it is impossible to compare the similarities in gasoline prices between the two countries.

According to VTV Online