New preferential import tax rates for some gasoline and oil items

In Resolution No. 36/NQ-CP dated March 6, 2026, the Government has proposed a number of urgent solutions to respond to the ongoing conflict in the Middle East.

The Government requests the Ministry of Finance to preside over and coordinate with the Ministry of Justice, the Ministry of Industry and Trade and relevant agencies to urgently develop a Decree amending the preferential import tax rate (MFN) of some petroleum products in the Preferential Import Tariff issued together with Decree No. 26/2023/ND-CP of the Government on the Export Tariff, Preferential Import Tariff, List of goods and absolute tax rates, mixed tax rates, import tax rates outside tariff quotas according to simplified procedures, and submit it to the Government on March 7, 2026.

The Government notes that in case domestic oil refineries do not ensure the output of gasoline and oil sold according to contracts signed with key gasoline and oil traders, difficult gasoline and oil imports cause a shortage of gasoline and oil supply for the domestic market, assigning the Ministry of Industry and Trade to assess the situation of domestic gasoline and oil supply and demand balance, directing key gasoline and oil traders to use gasoline and oil reserves circulated by traders or issue national gasoline and oil reserves according to their authority and regulations of the law on national reserves to compensate for the market shortage.

The Ministry of Industry and Trade is responsible for state management and its proposed data and contents, strengthening supervision and inspection, and preventing negativity and policy profiteering as proposed.

Early deployment of biofuel conversion roadmap

The Government requests the Ministry of Industry and Trade and the Ministry of Science and Technology to urgently preside over and coordinate with relevant agencies to research and review biofuel standards and regulations, and conditions to soon implement the biofuel conversion roadmap, contributing to reducing mineral gasoline consumption.

The Government requests ministries, branches, and localities to organize production and use energy economically and efficiently; ensure the supply of electricity and gasoline in all situations...

According to a report by Vietnam Oil and Gas Group (PVN), crude oil production currently reaches about 180,000 barrels/day. Of which, about 150,000 barrels/day are supplied to Dung Quat Oil Refinery.

Regarding production capacity, Dung Quat Oil Refinery can maintain stable operation at a capacity of about 118% at least until the end of April 2026 and ensure gasoline and oil supply according to contracts signed with key traders.

Meanwhile, Nghi Son Refinery and Petrochemical Plant is still maintaining stable operation with raw materials to ensure production plans in the coming time.

Thus, the two large domestic oil refineries, Dung Quat and Nghi Son, are still operating normally, ensuring the supply of gasoline and oil to key traders under signed contracts until the end of March 2026.

In parallel with domestic production sources, key gasoline and oil traders are still continuing to import finished gasoline and oil products to supply to the market, although import and transportation costs tend to increase. Along with the circulating reserves at enterprises according to regulations, the supply of gasoline and oil to the market in March 2026 is basically guaranteed.

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