Business

Kerosene temporarily excluded from fuel base pricing

The move is a part of broader policy adjustments aimed at easing cost pressures from rising oil prices and supporting economic growth.

A petrol station in Hai Phong city. Kerosene is temporarily excluded from the calculation of fuel base price. (Photo: VNA)
A petrol station in Hai Phong city. Kerosene is temporarily excluded from the calculation of fuel base price. (Photo: VNA)

Hanoi (VNS/VNA) – The Ministry of Industry and Trade has temporarily suspended the use of kerosene in the calculation of fuel base price until April 28, according to the ministry’s Decision 571, dated March 28.

Previously, kerosene was among key fuel products, alongside petrol, diesel, and mazut, used to determine the base price as a benchmark for managing retail petrol and oil prices.

The ministry said that it is also preparing to formally exclude kerosene from the base pricing mechanism.

The move is a part of broader policy adjustments aimed at easing cost pressures from rising oil prices and supporting economic growth.

Earlier, the Government approved sweeping tax reductions on fuel products, including cutting the environmental protection tax, value-added tax, and excise tax on petrol to zero from March 27 to April 15, with a proposed extension through June 30./.

VNA
#fuel base pricing #Ministry of Industry and Trade #fuel products #environmental protection tax #kerosene
Follow VietnamPlus

Energy security

Related News

Vietnam cuts petrol, oil taxes until mid-April

Vietnam cuts petrol, oil taxes until mid-April

Prime Minister Pham Minh Chinh has approved temporary tax reductions on petrol, oil and aviation fuel, with the environmental protection tax set at 0 VND per litre from March 26 to April 15, 2026.

See more

Yaris Cross is Toyota’s top-selling model in March 2026. (Photo: Toyota)

Toyota sales in Vietnam double in March

Of the total, domestically assembled completely-knocked-down (CKD) vehicles numbered 1,800 units while completely built-up (CBU) imports dominated with 6,343 units, signalling a clear rebound in the auto market after a period of subdued demand.

Workers at the Lien Ha Thai Industrial Park in the Thai Binh Economic Zone). (Photo: VNA)

Productivity criteria seen as catalyst for growth of businesses

As Vietnam is deepening its integration into the global economy, the gradual adoption of productivity criteria is increasingly viewed as a key driver enabling domestic enterprises to enhance competitiveness and meet rising demands for transparency, governance quality, social responsibility and sustainable development.

Delegates at the working session (Photo: VNA)

Can Tho looks to attract greater investment from RoK

Trade between Can Tho and the RoK has shown steady growth. In 2025, Can Tho’s exports to the country reached 53.11 million USD, mainly comprising seafood, processed agricultural products, garments and pharmaceuticals, while imports stood at 4.1 million USD, largely raw materials and chemicals.

Prime Minister Pham Minh Chinh chairs the meeting on April 1. (Photo: VNA)

Prime Minister pushes construction of Nghi Son crude oil storage

PM Chinh directed the Vietnam National Industry - Energy Group (Petrovietnam) to work closely with relevant agencies and Thanh Hoa province to begin construction immediately, serving both the Nghi Son refinery and petrochemical plant and national reserves.

Industrial parks in Ho Chi Minh City attract over 772 million USD in Q1 2026. (Illustrative photo: VNA)

Ho Chi Minh City’s industrial parks draw over 772 million USD in Q1

As of late March 2026, the city’s industrial parks and export processing zones hosted 5,374 valid investment projects with combined registered capital of 78.74 billion USD. These included 3,209 foreign-invested projects worth 57.57 billion USD and 2,165 domestic projects with total registered capital exceeding 389.3 trillion VND.