Vietnam suspends fuel taxes to stabilize domestic market
Vietnam suspended fuel taxes until April 15 to stabilize the market. The move addresses price surges caused by conflict and will cost $270 million monthly.
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The finance ministry of Vietnam has announced a temporary suspension of environmental protection and special consumption taxes on fuels. This move aims to stabilize the domestic market amid significant global supply disruptions. The tax relief applies to gasoline, diesel, and jet fuel and is scheduled to remain in effect until April 15.
