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According to Circular 109/2012/TT-BTC, published yesterday by the MoF, tariffs on RON 97 Oil, naphtha, reformate and alpha olefin rose from 10% to 12%.
Diesel tax was increased to 10% and the tariffs on aeroplane fuel and kerosene also rose to 12%.
Earlier, on July 2, the Ministry of Industry and Trade and the Ministry of Finance cut retail prices of petrol, kerosene and oil on the domestic market following a fall in world oil prices.
The price for A2 petrol dropped by VND 600 per litre to VND 20,600 (US$ 0.98).
Diesel oil prices fell by VND 200 per litre to VND 19,900 and kerosene dropped to VND 20,050./.
By Khanh Phuong