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Vietnam to remove fuel tariffs amid supply disruption due to Iran war
Vietnam aims to ease fuel prices rising over 50% by temporarily removing import tariffs and giving PetroVietnam more flexibility to stabilize supply amid global disruptions.
- Vietnam is considering scrapping fuel import tariffs to stabilize the domestic market and ensure energy security amidst rising prices due to the US-Israeli war with Iran.
- According to the finance ministry's proposal, the tariff decree would be effective until the end of April to help deal with the crisis in the Middle East that has seen crude prices soar to nearly $120 a barrel.
- Officials warned that if the conflict continues and the blockade of the Strait of Hormuz persists, alternative supplies on the international market will become scarce and risk driving prices up.
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12 Articles
12 Articles
The Vietnamese government is considering temporarily suspending import taxes on fuel to stabilize the domestic market, following the US-Israeli conflict with Iran which caused domestic oil prices to surge to their highest level in nearly three years.
Vietnam considers scrapping fuel import duties as Strait of Hormuz blockade disrupts oil supplies
Vietnam is considering scrapping fuel import tariffs as the Middle East conflict disrupts supplies and oil prices surge, with fears a blockade of the Strait of Hormuz could worsen shortages
·Mumbai, India
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The Jakarta Post+3 Reposted by 3 other sources
Vietnam mulls removing fuel duties as Mideast war hits supplies - Economy - The Jakarta Post
·Jakarta, Indonesia
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 37% Right
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
38% Center
L 25%
C 38%
R 37%
Factuality
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