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As per a ministry circular issued on April 13, import tariffs on petroleum, diesel and kerosene were lowered to 20 per cent from the present 30 to 35 per cent.

Contact Petroleum Marketers Equipment - Oklahoma City, OK 405-235-4471In the meantime, import taxes on gas oil and jet gasoline had been lower from 35 per cent and 25 per cent to 25 per cent and 10 per cent, respectively.

Gas Oil

A representative from the Finance Ministry stated the adjustment of import tariffs was aimed at stopping a rise in home oil product costs when the country tripled the environmental safety charges on petroleum products from Might this 12 months. Underneath the brand new regulation, the environmental protection fee can be raised to VND3,000 from VND1,000 for petroleum and jet fuel, respectively, and to VND900 to 1,500 per litre for diesel and gasoline oil, respectively.

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