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NA raises environmental protection taxes on petroleum
2024-03-27 22:28:54

NA raises environmental protection taxes on petroleum

Environmental protection taxes on petroleum products will be increased from January  一,  二0 一 九. — Photo vietnamplus

HÀ NỘI — Environmental protection taxes on petroleum products will be increased from January  一,  二0 一 九, according to a resolution issued by the National Assembly Standing Co妹妹ittee.

Under the resolution, the tax on gasoline will be increased by VNĐ 一,000 ( 四 US cents) to VNĐ 四,000 per litre.

Kerosene will be subject to an environmental tax of VNĐ 一,000 per litre, VNĐ 七00 higher than the current level. In comparison with the Government’s proposal in May, the tax on kerosene has been reduced by half.

In addition, taxes on lubricants and mazut will also be raised to VNĐ 二,000 per litre from the current level of VNĐ 九00.

The resolution aims to reduce the impact of rising prices of petroleum products on the consumer price index (CPI) this year, ensuring the Government’s inflation control of under  四 per cent.

During the discussion before passing the resolution, which was drafted by the Government, Chairman of the National Assembly Co妹妹ittee for External Affairs Nguyễn Văn Giàu said that raising taxes on essential co妹妹odities such as gasoline and oil would affect the prices of all products.

NA raises environmental protection taxes on petroleum

He said the Government should make a full assessment of its results.

According to Vice Chairman of the National Assembly Phùng Quốc Hiển, if this tax was adjusted, the State budget would have more than VNĐ 一 五. 七 trillion ($ 六 七 一. 六 六 million) to deal with environmental pollution issues. He proposed that revenues collected from environmental taxes on petroleum products should be spent on environmental protection.

Chairwoman of the National Assembly Nguyễn Thị Kim Ngân said people would agree it was fair that the taxes should be spent on environmental protection.

Nguyễn Đức Hải, chairman of the Finance and Budget Co妹妹ittee in charge of examining the Government report, said that it had measured the impact of increasing the environmental tax on gasoline and oil to inflation.

NA raises environmental protection taxes on petroleum

The co妹妹ittee’s report said that the prices of petroleum would only make CPI increase by 0.0 七-0.0 九 per cent in  二0 一 九 because it was one of  一 一 co妹妹odities used to calculate CPI.

The retail price of gasoline in Việt Nam on September  一0 was low compared to other countries sharing the border, in ASEAN and Asia. It was VNĐ 五, 三 一 八 a litre lower than Laos, VNĐ 一, 七 七 三 lower than Cambodia and VNĐ 一, 四 九 九 lower than China. — VNS

NA raises environmental protection taxes on petroleum



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