In the latest petrol price adjustment on January 11, the price of petrol remained unchanged compared with those of the last adjustment.

Environmental tax on gasoline (except for ethanol, which has already been taxed at a minimum level) for the year will stay at VNĐ2,000/litre

RON 95-III gasoline (a common type of gasoline sold on the market) decreased by 1,500 VND/liter, to VND21,200

The Vietnamese Government has cut and waived taxes and fees worth over VND233 trillion (US$9.4 billion) in 2022.

The tax cut is scheduled to take effect in six months, subject to the approval of the Standing Committee of the National Assembly.