The Ministry of Finance on May 23 issued Circular 70/2013/TT-BTC to adjust the gasoline import tax to 18 percent from previous 19 percent, which took effect immediately.

Goods that are subjected to import tax are: gasoline, tetrapropylen; white spirit, and other solvents such as naphtha, reformate and alpha olefin.

This is the first decline of gasoline import tax so far this year.-VNA