Finance ministry mulls cutting environment tax on gasoline by a fourth

An employee holds a nozzle at a gas station in Hanoi. Photo by VnExpress/Thai Anh

The Ministry of Finance is considering lowering the environmental tax on gasoline by 25 percent for the rest of this year to reduce fuel prices.

The tax, a flat VND4,000 ($0.18), could be brought down to VND3,000, it informed relevant government agencies as it sought feedback from them.

It is one of several taxes and fees that account for 43 percent of gasoline retail prices currently.

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