From November 1, 2026, through March 31, 2027, Vietnam will set the special consumption tax on all types of gasoline at 0%, down from the current rates of 8% for E5 gasoline and 7% for E10 gasoline.
On October 31, the government issued Resolution 45 regulating the special consumption tax on gasoline. The 0% rate takes effect on November 1, 2026, and remains in force through March 31, 2027.
If the policy period needs to be shortened or extended to meet socio-economic development needs, ensure energy security, or stabilize the fuel market, the Ministry of Industry and Trade will submit a proposal to the Ministry of Finance for consideration by the government.
Under current regulations, the special consumption tax rate is 10% for regular gasoline, 8% for E5 gasoline, and 7% for E10 gasoline.
Setting the rate at 0% removes the special consumption tax from gasoline, creating room for lower domestic retail prices.
At the latest fuel price adjustment on October 29, the price of E5 RON92 gasoline rose by 666 Vietnamese dong per liter to a maximum of 26,027 dong per liter. E10 RON95-III rose by 521 dong per liter to 25,734 dong per liter.
According to the Ministry of Industry and Trade, the special consumption tax calculation price at that adjustment was 22,501 dong per liter for E10 RON95-III, 50 dong lower than the 22,551 dong per liter price for E5 RON92. The special consumption tax included in the base price was 1,575 dong per liter for E10 and 1,804 dong per liter for E5.
The combined input costs used to form the prices at that adjustment made the base price of E10 gasoline 293 dong per liter lower than that of E5.
From November 1, removing the special consumption tax from the calculation will remove that tax from the base price. However, the actual retail price will also depend on the recalculation of the base price and other price components when the policy takes effect.
Deputy Prime Minister Nguyen Van Thang said during the National Assembly's economic and social discussion on the morning of October 31 that the government expects to allocate about 4 trillion dong in the final two months of the year to reduce the special consumption tax on gasoline.
Earlier, since the beginning of the year, the government had allocated about 64 trillion dong for policies reducing taxes and fees on gasoline and other fuels.
Sources: Thanh Niên
