The government has cut the special consumption tax on all gasoline types to 0% from 1/11/2026 to 31/3/2027, under Resolution No. 45 signed by Deputy Prime Minister Nguyen Van Thang. About 4,000 billion dong is set aside for November through the end of 2026 to reduce the tax from 7% to 0%, and about 64,000 billion dong has been allocated to fuel tax and fee cuts since the start of the year. Under the Special Consumption Tax Law, the standard rates are 10% for regular gasoline, 8% for E5 and 7% for E10. The Ministry of Industry and Trade may propose shortening or extending the period, sent to the Ministry of Finance for the government to decide, to ensure energy security and market stability. In the 31/10 price period, E5RON92 gasoline was capped at no more than 24,223 dong per litre, down 1,804 dong per litre.
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Original headline: Chính phủ dành 4.000 tỷ đồng giảm thuế tiêu thụ đặc biệt đối với xăng
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fuel pricestaxesoil pricesenergy securityPLX
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Related tickers and likely impact
PLX
• NeutralPetrolimex
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 43,200 bn VND |
| P/E | 13.4 |
| P/B | 1.78 |
| Close on 10/30/2026 | 34.00 |
| Change that session | 0.00% |
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
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