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Vietnam Lifts Fuel Tariffs to Ensure Energy Security

3/9/2026

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Story summary
  • Vietnam will remove import tariffs on fuel to ease supply disruptions from Middle East conflict.
  • The policy, in effect until end of April, aims to bolster energy security.
  • The government says supply remains stable while warning of potential difficulties if the conflict persists.
  • State-owned PetroVietnam will gain flexibility in buying and selling crude and oil products.
  • RON-95 gasoline costs 27,040 dong per liter in Hanoi, prompting halts at some stations.