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Government to lower import tax of fuel

Ministry of Finance has issued a Circular No. 148/2012/TT-BTC on oil import tax reduction of 2% since September 12th.

In detail, import tax of diesel product for auto will be lowed to 8%; while kerosene and mazut will be decreased to 10% from 12% as before.

However, gasoline import tax still remains at 12% for all from Ron 92 to Ron 97. The move is in order to keep stable the price of fuel.

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