Vietnam Revokes Gasoline & Aviation-Kerosene Import Duties

It is reported that Vietnam Ministry of Finance has decided to revoke the import duties 4% on gasoline and aviation kerosene, taking effect immediately.

Its most recent duty adjustment occurred on Dec. 28 last year, when the duties were raised from 0 to 4%.

Moreover, Vietnamese diesel and kerosene import duties will be cut down from 5% to 3%, helping local oil importers cover their loss as global oil prices are rising now.