With Excise Tax Reduced to 0% From November 1st, How Much Could Gasoline Prices Decrease?
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From 0:00 on November 1st, the price of E5RON92 gasoline decreased by 1,804 VND/liter, and E10RON95-III gasoline decreased by 1,575 VND/liter. The new prices are applied when the special consumption tax rate on all types of gasoline officially drops to 0%. Consideration is being given to reducing electricity prices from November 1st and reducing the special consumption tax on gasoline to 0%. Gasoline prices decreased while diesel prices increase…
The Ministry of Industry and Trade has just announced a reduction in gasoline prices due to a decrease in excise tax, effective from 0:00 on November 1st.
From November 1, 2026 to March 31, 2027, the excise tax on all types of gasoline will be reduced to 0%, from the current rates of 8% for E5 gasoline and 7% for E10 gasoline.
(Dan Tri Newspaper) - The Government has just issued Resolution No. 45/2026, stipulating that the special consumption tax rate on all types of gasoline will be 0%, applicable from November 1st to March 31st, 2027.
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