Ministry proposes suspending environment tax hike on fuels The Saigon Times Daily A man gets his scooter refilled at a petrol station in HCMC in the file photo. Deputy Minister of Industry and Trade Do Thang Hai proposed rescheduling the environmental protection tax hike on fuels to a more suitable time – PHOTO: TL HCMC – Deputy Minister of Industry and Trade Do Thang Hai proposed rescheduling the environmental protection tax hike on fuels to a more suitable time, not on January 1 next year as planned, as the hike may increase inflation. He made the proposal at a meeting of the Steering Committee of Price Management on September 28, local media reported. The environmental protection tax on fuels is slated to increase to VND4,000 per liter, from the current VND3,000, after a draft resolution involving the hike was passed by the National Assembly Standing Committee. The effective date of the hike will coincide with the 12th lunar month near the Tet holiday, and will increase fuel prices, thus impacting the consumer price index (CPI), said Hai. Earlier, at a meeting the steering committee held in July, several people expressed concern over the effective date of the proposed tax increase, suggesting the suspension of the environmental tax protection on petrol. According to the Government’s proposal to the draft resolution, the hike on the fuel environmental tax would increase the CPI by only 0.07-0.09%.