Vietnam finance ministry seeks deeper cut in environment tax on fuel

Customers refill the petrol tanks of their vehicles with gasoline at a gas station in Hanoi. - AFP

HANOI, March 11 (Reuters): Vietnam's finance ministry has announced that it was seeking government approval to lower environment tax on fuel by half instead of the 25% cut it proposed last week, amid soaring energy prices.

Accordingly, environment tax on gasoline, and on diesel fuel and lubricants would be cut by half to 2,000 dong ($0.09) per litre and 1,000 dong per litre respectively if the government passes the proposal.