VOV.VN - The retail prices of petrol in Vietnam dived sharply on July 11 after consecutive hikes over the past months.
VOV.VN - The National Assembly Standing Committee, at its extraordinary session on July 6, approved the Government’s proposal on additional environmental protection tax cuts on petrol and oil in an attempt to cool down the domestic fuel market.
VOV.VN - The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months.
Tax and fee reductions have contributed to bringing inflation under control in Vietnam, according to Deputy Minister of Finance Vo Thanh Hung.
While the reduced environmental protection tax lowered petrol prices from April 1, most transport enterprises are struggling.
VOV.VN - Petrol prices tumbled more than VND1,000/litre on April 1 after environmental protection tax rates were axed by VND2,000/litre, which were in effect the same day.
The National Assembly (NA) Standing Committee on March 23 passed the resolution on environmental protection tax rates on petroleum, oil and lubricants, which will take effect from April 1 till December 31, 2022.
VOV.VN - The Government has agreed with the Finance Ministry’s proposal to cut the environmental protection tax on petrol by half in an attempt to stabilize the petrol market and rein in inflation.
The Ministry of Transport has proposed the Government increase support for domestic airlines which were heavily hit by the COVID-19 pandemic.