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| The Tran Quoc Toan petroleum depot (located in My Ngai ward, Dong Thap province) of the Dong Thap Petroleum Trading Joint Stock Company (Petimex)__Photo: VNA |
The Government issued Resolution 25/2026/NQ-CP on April 30, extending the application of Decree 72/2026/ND-CP, which reduces preferential import tariffs on several fuel products and inputs for fuel production.
Earlier, on March 9, 2026, the Government promulgated Decree 72/2026/ND-CP, lowering preferential import duty rates on selected fuel products and raw materials to zero per cent under the preferential import tariff list attached to Decree 26/2023/ND-CP. The measure was initially set to be applied until April 30, 2026.
Under Resolution 25/2026/NQ-CP, the application period of Decree 72/2026/ND-CP is extended until the end of June 30 this year.
Accordingly, preferential import duty rates of zero per cent will continue to apply to certain fuel production inputs under HS codes 2710.19.20 (partly refined crude oil), 2710.19.89 (other medium oils and preparations), and 2711.19.00 (other categories).
The resolution will take effect from May 1 through June 30. From July 1, preferential import duty rates for fuel products and production inputs will revert to the provisions stipulated in Decree 26/2023/ND-CP and its amendments.
During the validity of the resolution, in case of discrepancies between its provisions and those of Decree 26/2023/ND-CP or related amending decrees, the provisions of Resolution 25/2026/NQ-CP shall prevail.
According to the Ministry of Finance, the extension of Decree 72/2026/ND-CP aims to help stabilise the domestic fuel market and ensure national energy security amid ongoing global uncertainties. The measure is also intended to support macroeconomic stability and contribute to economic growth targets while ensuring full compliance with legal authority, procedures and regulatory requirements.- (VNA/VLLF)
