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Decree on import duty cuts to 0% for certain fuel products takes effect until June 30
Van Nguyen | 05/01/2026
Under a newly-issued resolution of the Government, the validity of Decree No. 72/2026/ND-CP, which lowers preferential import duty rates on selected fuel products and raw materials to 0%, is extended until the end of June 30 this year.
According to the Government’s Resolution No. 25/2026/NQ-CP, issued on April 30, the validity of Decree No. 72/2026/ND-CP, which reduces preferential import tariffs to 0% on several fuel products and inputs for fuel production, will be extended until the end of June 30 this year.
Decree No. 72/2026/ND-CP, issued on March 9, 2026, was initially set to be applied until April 30, 2026.
Accordingly, preferential import duty rates of 0% will continue to be applicable to certain fuel production inputs under HS codes 2710.19.20 (partly refined crude oil), 2710.19.89 (other medium oils and preparations), and 2711.19.00 (other categories).
Resolution No. 25/2026/NQ-CP will take effect from May 1 through June 30. From July 1, preferential import duty rates for fuel products and production inputs will revert to the provisions stipulated in Decree No. 26/2023/ND-CP and its amendments.
During the validity of the resolution, in case of discrepancies between its provisions and those of Decree No. 26/2023/ND-CP or related amending decrees, the provisions of Resolution No. 25/2026/NQ-CP shall prevail.
The Ministry of Finance said that the extension of Decree No. 72/2026/ND-CP aims to help stabilize the domestic fuel market and ensure national energy security amid ongoing global uncertainties, while supporting macroeconomic stability and contributing to economic growth targets.
Source: Vneconomy
