On September 30, 2026, the Vietnamese government issued Resolution No. 43/2026/NQ-CP, extending the 0% tax rate on fuel imports, environmental protection tax, and value-added tax for gasoline, oil, and aviation fuel until December 31, 2026. This resolution builds upon previous regulations aimed at supporting the economy and stabilizing fuel prices.

According to the new resolution, the preferential import tax rate for unleaded gasoline has been reduced from 10% to 0%. Additionally, this 0% tax rate applies to various gasoline blending materials such as naphtha and reformate. For diesel fuel, fuel oil, aviation fuel, and kerosene, the preferential import tax rate has been cut from 7% to 0%. Other petrochemical raw materials, including xylene and condensate, have also seen reductions in tax rates.

Furthermore, the environmental protection tax and value-added tax for gasoline, oil, and their production materials will remain at 0 VND per liter, excluding ethanol. The special consumption tax for gasoline will adhere to the provisions of the Special Consumption Tax Law No. 66/2025/QH15, with rates set at 10% for gasoline, 8% for E5 gasoline, and 7% for E10 gasoline.

The government has indicated that adjustments to the resolution may be proposed by the Ministry of Industry and Trade to ensure energy security and stabilize the domestic fuel market. This extension is crucial for supporting citizens and businesses, particularly in light of rising global oil prices due to ongoing geopolitical tensions.

As of September 11, 2026, the global oil prices were approximately $104.61 per barrel for Brent and $100.05 per barrel for WTI, reflecting an increase of around 8.65% and 9.37%, respectively, over the week. These price hikes have a direct impact on domestic fuel prices, which have also risen significantly in recent weeks.

The Ministry of Finance has emphasized the necessity of maintaining temporary tax support to mitigate rising costs, control inflation, and ensure energy supply stability. If the previous resolution expires, fuel prices in Vietnam could increase further, adding pressure on production costs and the living standards of citizens.