A customer buys petrol at a petrol station of Vietnam National Petroleum Group (PLX) in Ha Noi. Deputy Minister of Finance Ta Anh Tuan speaks to local media about this issue. Since the beginning of the year, gasoline prices have fluctuated greatly. What measures has the MoF introduced to stabilise petrol prices? World petroleum prices have had complicated fluctuations from the beginning of 2022 until now, due to the recovery of large economies in the world along with impacts from the Russia-Ukraine conflict and Covid-19 pandemic. The MoF, a price managing agency of the Government, is very worried about the impact of increased gasoline prices on controlling inflation in 2022. To stabilise gasoline prices and minimise the negative effects of the petrol price increases, the ministry has recommended that Government and the National Assembly Standing Committee reduce some kinds of tax imposed on gasoline products. The ministry has submitted proposals to the National Assembly and the Government to reduce the environmental protection tax rate by 50 percent for jet fuel, gasoline (except ethanol), diesel oil and lubricants, and by 70 percent for kerosene. This reduction of environmental protection tax will reduce the domestic oil and petrol prices by between VND770… Read full this story
- Cut to environment tax on jet fuel proposed
- Domestic car producers get excise tax payment extension by year-end
- Enhanced protection for gulf neighbouring Ningaloo Reef
- Southeast Asia’s largest iron mine proposed for closure in Vietnam
- E10 concerns over 'greener' petrol with drivers seeing 'tricky' fuel efficiency problems
- 'Shameless greed': Campaigners demand lower E10 petrol prices to protect drivers
- Calls for Shipping and Aviation to Do More to Cut Emissions
- Bipartisan bill aims to cut down on food waste by spurring donations
- Georgia Environmental Regulators Propose $3 Million Fine For Golden Ray Pollution
- Flush with cash, states planning big cuts to taxes
- Capital Gains Tax alert as Britons warned ‘act now’ before substantial hike
- Not Enough: Yellow Vests Reject Suspension of Fuel Tax Rises in France
MoF proposes further cut to environmental protection tax for petrol have 314 words, post on www.sggpnews.org.vn at June 23, 2022. This is cached page on CHUTEU. If you want remove this page, please contact us.