Urgently adjust the environmental protection tax on petroleum

The Prime Minister has just issued Official Letter 160/CD-TTg dated 22/02/2022 on ensuring the supply of petrol and oil for the domestic market.

Urgently adjust the environmental protection tax on petroleum

Urgently adjust the environmental protection tax for petroleum (Illustration image)

Accordingly, the Prime Minister requested the Ministry of Finance to assume the prime responsibility for, and coordinate with the Ministry of Industry and Trade and relevant agencies in, urgently studying and proposing a plan to adjust the environmental protection tax policy for petroleum products . report to the Prime Minister before February 28, 2022 in accordance with the direction in Document 486/VPCP-KTTH dated February 21, 2022 of the Office of the Government.

Previously, in Official Letter 1542/BTC-CST in response to voters' petitions about the rising petrol prices, the Ministry of Finance also said that the Standing Committee of the National Assembly has regulated the environmental protection tax rates for petroleum products as follows: except ethanol): 4,000 VND/liter; diesel, fuel oil and grease: 2,000 VND/liter; Flight fuel is 3,000 VND/liter. For biofuel products (such as gasoline E5, E10- containing 5%, 10% ethanol), the environmental protection tax is only calculated for the amount of fossil fuel based on structural fossil fuel in biofuel.

In addition, the Prime Minister also requested the People's Committees of the provinces and centrally-run cities to closely inspect and supervise the sale of petrol and oil at retail petrol stations in the area, ensuring no interruption;

Requesting petroleum trading enterprises in the area to commit to strictly comply with the provisions of Decree 83/2014/ND-CP and Decree 95/2021/ND-CP ; inspect and examine the observance of the law in petrol and oil business activities at petrol and oil retail stores in the area, the compliance with regulations on price listing and selling at the right listed price, and time for registration of sale. Petroleum...; In case of detecting violations, strictly handle according to regulations.

The Ministry of Industry and Trade actively coordinates with the Ministry of Information and Communications, the Ministry of Finance and relevant agencies to provide complete, timely and accurate information on the situation of production, import and distribution of petroleum, oil and gas. gasoline prices and the direction of the Government, the Prime Minister on this issue.

At the same time, publicize violations in petroleum business activities and handle measures on the mass media for people and businesses to know, creating stability of the petroleum market.

For details, see Official Dispatch 160/CD-TTg issued on 22/02/2022.

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