Vietnam Extends Fuel Tax Cuts Through September to Steady Prices
Hanoi will keep environment and consumption tax suspensions and lower import tariffs on crude, refined fuels, and jet fuel until the end of September.
HANOI, July 1 (Reuters) - Vietnam's government has extended its suspension of some fuel taxes and cuts to other levies by three months until the end of September, the Ministry of Industry and Trade said on Wednesday.
• The extensions of the suspension of environment and special consumption taxes and the cuts to import tariffs on crude oil and other feedstocks for refineries were in a government resolution issued on Tuesday, the ministry said in a statement.
• The fuels affected include refined petroleum products, crude oil and jet fuels, according to the statement.
• The tax suspension and cuts have been in place since late March as the Southeast Asian country was seeking to stabilise its market given supply disruptions caused by the Iran war.
(Reporting by Khanh Vu; Editing by John Mair)
