For the first time, VAT on gasoline products has been reduced.

(DN)- From July 1, the policy of reducing value-added tax (VAT) on gasoline products officially took effect. This is an important content in Resolution No. 204/2025/QH15 issued by the National Assembly. This Resolution takes effect from July 1, 2025 to December 31, 2026.

For the first time, VAT on gasoline has been reduced. Photo: Lam Phuong

Specifically, in this resolution, gasoline is for the first time subject to VAT reduction from 10% to 8%. According to the Ministry of Finance , although gasoline is subject to special consumption tax, it is still proposed to reduce VAT because this is an important commodity for many production and business sectors as well as people's lives, the increase or decrease will directly affect domestic production, consumption and macroeconomic stability.

In this adjustment, the price of E5 RON 92 gasoline decreased by VND 101/liter, RON 95 gasoline decreased by VND 128/liter; diesel oil price increased by VND 193/liter, kerosene increased by VND 141/liter; mazut oil alone decreased by VND 668/kg compared to the previous period.

After adjustment, the price of E5 RON 92 gasoline is no higher than VND 20,530/liter; RON 95 gasoline has a maximum retail price of VND 21,116/liter; diesel oil is no higher than VND 19,349/liter; kerosene is VND 19,064/liter; and fuel oil is VND 16,955/kg.

Thus, this week there will be two petrol price adjustments. The first adjustment will take effect from July 1 to reduce VAT according to the National Assembly 's resolution and the next adjustment will take place every Thursday according to regulations on petrol and oil business management.

Lam Phuong

Source: https://baodongnai.com.vn/kinh-te/202507/lan-dau-tien-mat-hang-xang-duoc-giam-thue-vat-9040c75/