Import tariffs on certain fuel products reduced to 0%
Under the Government's Decree No. 72, preferential import tariffs on gasoline, diesel, aviation fuel, and certain petrochemical raw materials have been reduced to 0% to ensure domestic supply stability.
The Government on March 9 issued Decree No. 72/2026/ND-CP adjusting preferential import tariff rates on several fuel products and raw materials used in fuel production, aiming to help businesses secure supply and stabilize the domestic fuel market.
Specifically, the preferential import tax for unleaded petrol is slashed from 10% to zero. Import duties on petrol blending components such as naphtha and reformate (HS code 2710.12.80) is also reduced to 0%.
Preferential import tariffs is also cut from 7% to 0% for diesel fuel, fuel oil, aviation fuel and kerosene.
Additionally, certain raw petrochemical materials such as xylene, condensate, and p-xylene will have their tax rates reduced from 3% to 0%, while other cyclic hydrocarbons will see their tax rates brought down to 0% from 2%.
This decree takes effect from March 9 to April 30. After this period, the preferential import tax rates for the listed fuel products and raw materials will revert to the provisions of Decree No. 26/2023/ND-CP, dated May 31, 2023, unless a proposal is made by the Ministry of Industry and Trade to extend the new decree's validity for urgent reasons related to economic and social development or stabilization of the fuel market./.
Hai Phong News