The price of gasoline and oil in today's adjustment period (November 7) was adjusted up, the highest increase belonged to diesel. The price of RON 95 gasoline increased to nearly 21,000 VND/liter.
Based on the management of the Ministry of Industry and Trade - Ministry of Finance, businesses simultaneously adjusted gasoline prices from 3:00 p.m. today.
Compared to the previous adjustment period, in today's adjustment period, the price of E5 gasoline was adjusted up by 340 VND/liter, the selling price is 19,740 VND/liter. The price of RON 95 gasoline increased by 350 VND/liter, the selling price is 20,850 VND/liter.
Similarly, diesel price was adjusted up sharply by 770 VND/liter, selling price is 18,910 VND/liter.
In today's management session, the Ministry of Industry and Trade - Ministry of Finance continued to neither allocate nor spend from the Price Stabilization Fund for petroleum products.
Gasoline prices have been adjusted up. Photo: Nguyen Hue
Regarding the petroleum market, the Ministry of Finance has just proposed to continue reducing environmental protection tax (EPT) on petroleum, oil, and lubricants in 2025 as currently applied.
From January 1, 2024, the environmental protection tax rate for gasoline (except ethanol) is VND 2,000/liter; jet fuel, diesel, fuel oil, and lubricants is VND 1,000/liter; grease is VND 1,000/kg and kerosene is VND 600/liter.
However, from January 1, 2025, the environmental protection tax rate on gasoline, oil, and grease will be implemented according to the provisions of Resolution No. 579/2018/UBTVQH14 dated September 26, 2018 of the Standing Committee of the National Assembly with the tax rate equal to the ceiling rate in the Tax Schedule issued with the Law on Environmental Protection Tax (except for kerosene).
Accordingly, gasoline increased from VND2,000/liter to VND4,000/liter; jet fuel increased from VND1,000/liter to VND3,000/liter; diesel, fuel oil, and lubricants increased from VND1,000/liter to VND2,000/liter; kerosene increased from VND600/liter to VND1,000/liter (ceiling price is VND2,000/liter); grease increased from VND1,000/kg to VND2,000/kg.
According to the Ministry of Finance, 2025 is the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025, so it will pose many challenges in controlling inflation and promoting growth to complete the economic development goals according to the 5-year Plan.
Therefore, the increase in environmental protection tax on gasoline, oil, and grease to the ceiling level of the Tax Schedule from January 1, 2025 will negatively affect people's lives as well as production and business activities of enterprises, thereby affecting inflation and directly impacting macroeconomic stability.
Source Vietnamnet.vn
Source: https://baophutho.vn/gia-xang-bat-tang-len-sat-21-000-dong-lit-222290.htm
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