00:00Vietnam has temporarily waived an environmental tax on fuel to cut soaring petrol prices by over a quarter.
00:08Its trade ministry says the tax rate on gasoline, diesel and aviation fuel will be slashed to zero starting today
00:16until April 15.
00:21Oil prices had skyrocketed in the country earlier this week.
00:25The government has already adjusted its fuel prices twice to bring down costs.
00:30After the price of diesel more than doubled since the start of the Middle East war.
00:34Figures posted by the ministry showed the latest move to waive taxes would bring petrol prices down by around 26
00:41percent and diesel prices just over 15 percent.
00:46The government has also lowered the price of RON95 to 92 cents per litre.
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