Vietnam cuts fuel tax to zero, petrol prices fall by up to 1,800 VND per litre

Vietnam cut its special consumption tax on all petrol types to 0%, effective November 1, under Government Resolution 45/2026/NQ-CP signed October 31. The move aims to ease fuel costs and curb end-of-year inflation. Retail prices dropped by more than 1,800 VND per litre: E5 RON 92 fell by 1,804 VND to no more than 24,223 VND (about $0.94) per litre, while E10 RON 95-III decreased by 1,575 VND to 24,159 VND. The zero tax rate runs until March 31, 2027, though the government said it could be shortened or extended based on socio-economic conditions, energy security, and domestic market stability. Analysts cited inflation data and said cheaper fuel and electricity should reduce input costs.