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Vietnam extends fuel tax suspension until end of June
Vietnam extends fuel tax suspension until end of June
Asia
Vietnam extends fuel tax suspension until end of June
by DZRH News12 April 2026
People queue to buy petrol at a petrol station amid disruptions in supply and price surges triggered by the U.S.-Israeli conflict with Iran, in Hanoi, Vietnam, March 10, 2026. REUTERS/Khanh Vu/File Photo

HANOI, April 12 (Reuters) - Vietnam has decided to extend the suspension of taxes on fuels until the end of June from April 15 to stabilise the domestic market, the country's parliamentary office said on Sunday, as the Iran war continues to disrupt supplies.

The National Assembly, the country's lawmaking body, has passed a resolution on the suspension of environmental protection and special ‌consumption taxes on fuels, the parliament office said in a statement.

The tax suspension has been in place since late March.

The finance ministry last month said the suspension ​of the taxes would reduce revenue going into ​state coffers by 7.2 trillion dong ($273.40 million) a month.

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Fuel prices in Vietnam have surged since the ​U.S.-Israeli war on Iran began ​at ⁠the end of February, with gasoline prices up 17% and diesel prices rising ⁠70%, ​according to data from fuel trader Petrolimex.

Vietnam's consumer prices in March rose 4.65% from a year earlier, driven by a surge in transport costs, putting pressure on the country's goal to keep inflation at 4.5% for this year.

($1 = 26,335 dong)

(Reporting by Khanh Vu; Editing by Thomas Derpinghaus)

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