At its 1st Session, the 16th National Assembly adopted a Resolution approving the reduction of taxes on petroleum products and aviation fuel to 0%, applicable from April 16, 2026 through June 30, 2026.
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Full Text of Resolution No. 19/2026/QH16 on the Reduction of Petroleum Taxes to 0%
Accordingly, on April 12, at the 1st Session of the 16th National Assembly, under the chairmanship of Vice Chairwoman of the National Assembly Nguyen Thi Hong, the National Assembly deputies voted to adopt a Resolution providing for a number of provisions on environmental protection tax, value-added tax, and excise tax applicable to petroleum products and aviation fuel.
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Accordingly, the Resolution provides for the simultaneous reduction of key taxes applicable to petroleum products and aviation fuel, specifically as follows:
- Environmental protection tax: The tax rate applicable to gasoline (excluding ethanol), diesel, kerosene, fuel oil (mazut), and aviation fuel is reduced to VND 0 per liter.
- Value-added tax (VAT): Petroleum products and aviation fuel are not subject to VAT declaration, calculation, or payment; however, input VAT remains creditable.
- Excise tax: The excise tax rate applicable to all types of gasoline is reduced to 0%.
This policy is considered a strong fiscal measure aimed at directly reducing fuel prices, thereby supporting businesses and individuals in the context of rising input costs and volatility in the energy market.
Effective period and adjustment mechanism
Pursuant to the Resolution, the tax reduction policy takes effect from April 16, 2026 until the end of June 30, 2026, except for certain special cases as provided under Article 4 of the Resolution.
At the same time, the Government is authorized to proactively, based on developments in global petroleum prices, macroeconomic indicators, and state budget capacity, to:
- Adjust (shorten or extend) the effective period of the policy;
- In urgent circumstances, adjust the prescribed tax rates;
and report to the National Assembly at its nearest session.
Notably, during the effective period of the Resolution, in the event of any inconsistency between this Resolution and other legal instruments governing environmental protection tax, VAT, or excise tax, the provisions of Resolution No. 19/2026/QH16 shall prevail.
In addition, business establishments and importers of petroleum products are not required to declare, calculate, or pay VAT at the sale stage or upon importation during the effective period of the policy. Matters not specifically provided for in the Resolution shall continue to be governed by the prevailing laws on taxation, tax administration, and other relevant legal provisions.
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Regulations on the Timing of Petroleum Price Adjustment
Pursuant to Decree No. 83/2014/NĐ-CP (as amended and supplemented by Decree No. 80/2023/NĐ-CP), the timing for petroleum price adjustment shall be conducted on a weekly basis, specifically on Thursdays.
Where the scheduled price adjustment date coincides with the Lunar New Year (Tet) holiday or other public holidays, the timing shall be adjusted to the immediately preceding or following working day in accordance with applicable regulations.
In cases where petroleum prices experience abnormal fluctuations that adversely affect socio-economic conditions, the Ministry of Industry and Trade shall be responsible for reporting to the Prime Minister for consideration and decision on an appropriate timing for price adjustment in line with actual circumstances.
Regulations on the Timing of Petroleum Price Administration
Pursuant to Decree No. 83/2014/NĐ-CP (as amended and supplemented by Decree No. 80/2023/NĐ-CP), the administration of petroleum prices shall be conducted on a weekly basis, specifically on Thursdays.
Where the scheduled price administration date coincides with the Lunar New Year (Tet) holiday or other public holidays, the timing shall be adjusted to the immediately preceding or subsequent working day in accordance with applicable regulations.
In the event of abnormal fluctuations in petroleum prices that adversely affect socio-economic conditions, the Ministry of Industry and Trade shall be responsible for reporting to the Prime Minister for consideration and decision on an appropriate timing for price
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