What are gasoline prices today in Vietnamese dong? What is the environmental protection tax rate on Gasoline, Oil, and Lubricants in Vietnam from January 1, 2025?
What are gasoline prices today in Vietnamese dong?
As of 8:45 AM on February 28, 2025 (Vietnam time), today's gasoline prices in Vietnam are based on the most recent adjustment announced by the Ministry of Industry and Trade - Finance and the Vietnam National Petroleum Group (Petrolimex).
To be specific: The gasoline prices today (February 28) are applied according to the adjustment session at 3:00 PM on February 27 by the Ministry of Finance - Ministry of Industry and Trade. To be specific, today's gasoline prices are as follows:
(1) Domestic gasoline prices (February 28, 2025):
Based on the price adjustment announcement at 3:00 PM on February 27, 2025, by Petrolimex and the Ministry of Industry and Trade - Finance:
| Product | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 Gasoline | 20,658 | -197 |
| RON 95 Gasoline | 21,112 | -219 |
| Diesel Oil | 18,957 | -106 |
| Kerosene | 19,335 | -178 |
| Fuel Oil | 17,615 | +19 |
According to the above data, the price of E5 RON 92 gasoline decreased by 197 VND/liter, down to 20,658 VND/liter; RON 95 gasoline decreased by 219 VND/liter, down to 21,112 VND/liter.
The price of 0.05S diesel oil decreased by 106 VND/liter, down to 18,957 VND/liter; kerosene decreased by 178 VND/liter, down to 19,335 VND/liter.
However, the price of 180CST 3.5S fuel oil increased by 19 VND/kg, at 17,615 VND/kg.
In this adjustment period, the Ministry of Industry and Trade - Finance did not make any deductions or use the Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, or fuel oil.
Note: These prices are effective from 3:00 PM on February 27, 2025, until the next adjustment period (expected around March 6, 2025, about 7 days apart).
(2) World gasoline prices (Morning of February 28, 2025):
Based on international market data around 8:49 AM (Vietnam time):
- WTI Crude (USA): Approximately 71.50 USD/barrel (a slight increase compared to the previous day).
- Brent Crude (North Sea): Approximately 74.90 USD/barrel (a slight increase compared to the previous day).
This fluctuation aligns with the trend of increasing international crude oil prices and also affects the domestic price adjustment on February 27, 2025.
Oil prices rose more than 1.5% on Thursday when supply concerns resurfaced after U.S. President Donald Trump revoked a license previously granted to the major U.S. oil company Chevron (CVX.N) to operate in Venezuela.
However, the gains were limited by signs of a potential peace agreement in Ukraine, which could lead to higher oil exports from Russia and an unexpected increase in U.S. gasoline and distillate inventories.
Note: Information is for reference purposes only!
What are gasoline prices today in Vietnamese dong? (Image from the Internet)
What is the environmental protection tax rate on Gasoline, Oil, and Lubricants in Vietnam from January 1, 2025?
According to Resolution 60/2024/UBTVQH15, from January 1, 2025, to December 31, 2025, the environmental protection tax rate on gasoline, oil, and lubricants continues to be reduced following the rate applied in 2024.
The environmental protection tax rate on gasoline, oil, and lubricants will continue to be enforced according to Section 1, Clause 1, Article 1 of Resolution 579/2018/UBTVQH14 on the Environmental Protection Tax Table. To be specific:
| No. | Goods | Unit | Tax Rate (VND/unit of goods) |
|---|---|---|---|
| 1 | Gasoline, excluding ethanol | liter | 2,000 |
| 2 | Aviation fuel | liter | 1,000 |
| 3 | Diesel oil | liter | 1,000 |
| 4 | Kerosene | liter | 600 |
| 5 | Fuel oil | liter | 1,000 |
| 6 | Lubricant oil | liter | 1,000 |
| 7 | Grease | kg | 1,000 |
Thus, it can be seen that in 2025, from January 1, 2025, to December 31, 2025, the environmental protection tax on gasoline and oil will continue to be reduced by 50% compared to the above Tax Table.
When is the environmental protection tax on gasoline and oil calculated in Vietnam?
According to Article 6 of Circular 152/2011/TT-BTC governing the timing for calculating the environmental protection tax, as follows:
Tax Timing
- For goods produced for sale, exchange, gifting, promotion, or advertising, the tax calculation time is the time of transfer of ownership or right to use the goods.
- For goods produced for internal consumption, the tax calculation time is when the goods are put into use.
- For imported goods, the tax calculation time is the time of customs declaration, except for imported gasoline and oil intended for sale, stipulated in Clause 4 of this article.
- For gasoline and oil produced or imported for sale, the tax calculation time is when the focal business enterprise sells the gasoline and oil.
Thus, the tax calculation time for environmental protection on gasoline and oil produced or imported for sale is determined as the time when the focal business enterprise sells the gasoline and oil.
What are the regulations on declaring and paying environmental protection tax on gasoline and oil in Vietnam?
According to Point 2.2, Clause 2, Article 7 of Circular 152/2011/TT-BTC (supplemented by Article 4 of Circular 159/2012/TT-BTC) governing the declaration and payment of environmental protection tax on gasoline and oil, as follows:
Focal gasoline and oil businesses register, declare, and pay environmental protection tax to the state budget at the local tax authority where they declare and pay value-added tax, specifically:
- Focal gasoline and oil businesses directly importing, producing, or processing gasoline and oil (collectively referred to as focal units) declare and pay taxes at the location where the focal units are headquartered for the quantity of gasoline and oil they directly export and sell, including exports for internal consumption, exports for product exchange, returns of entrusted imports, and sales to other organizations and individuals outside the focal unit's system (including enterprises where the focal unit holds 50% or less of shares); except for gasoline and oil exported and sold and delegated imports for other focal gasoline and oil business companies.
- Independent accounting members under the focal unit; branches under the focal unit; joint-stock companies where the focal unit controls the majority (over 50% of shares) or branches under these member units, branches of the above-mentioned joint-stock companies (collectively referred to as member units) declare and pay taxes at the location where the member units are headquartered for the quantity of gasoline and oil they export and sell to organizations and individuals outside the system.
- Other organizations directly importing, producing, or processing gasoline and oil declare, and pay taxes at the local tax authority where they declare and pay value-added tax when exporting and selling gasoline and oil.
- In cases where gasoline and oil are used as raw materials for blending biofuels without having declared and paid environmental protection tax, when biofuels are exported for sale, the biofuel selling unit must declare and pay environmental protection tax as stipulated.
- In cases where gasoline, oil, and lubricants are imported for purposes other than sale; lubricants and greases are packaged separately when imported along with materials, spare parts for aircraft, or with machinery and equipment, the taxpayer declares and pays environmental protection tax with the customs authority.
- Gasoline and oil are exported and sold based on the quantity recorded on invoices and sales documents so that taxpayers must declare and pay environmental protection tax based on the quantity recorded on those invoices and sales documents.
