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On March 9, 2026, the Government issued Decree 72/2026/ND-CP to amend and supplement the preferential import tax rates (MFN) for petroleum products and production raw materials, adjusting the Preferential Import Tariff appended to Decree 26/2023/ND-CP.
1. Details of 04 groups of petroleum products applying the 0% tax rate
According to the new Decree, the preferential import tax rates for the following 04 groups of commodities are adjusted to 0%:
- Unleaded motor gasoline, Naphtha, reformate, and gasoline blending preparations: Reduced from 10% to 0%.
- Diesel fuel, fuel oil (FO), aviation engine fuel, kerosene: Reduced from 7% to 0%.
- Xylene, condensate, P-Xylene: Reduced from 3% to 0%.
- Other cyclic hydrocarbons: Reduced from 2% to 0%.
These adjustments are detailed in the Appendix issued with Decree 72/2026/ND-CP, replacing the corresponding tax rates in Appendix II of Decree 26/2023/ND-CP.
2. Enforcement effect and transitional provisions
Pursuant to Article 2 of Decree 72/2026/ND-CP, the roadmap for applying tax rates is determined as follows:
- The Decree takes effect from the date of signing (March 9, 2026) and only applies until the end of April 30, 2026.
- After April 30, 2026, the tax rates will automatically revert to being implemented according to Decree 26/2023/ND-CP.
- The Ministry of Industry and Trade may propose extending the application period if necessary to stabilize the market and develop the socio-economy.
3. Notes for enterprises
Importing enterprises need to accurately cross-check the HS codes of goods with the List of commodity codes in Appendix II of Decree 26/2023/ND-CP to declare taxes correctly during the short-term effective period from March 9, 2026, to April 30, 2026.
