--- title: Resolution 45 Cuts Fuel Excise Tax and Power Price by 2% description: Resolution 45/2026/NQ-CP reduces fuel excise tax to 0% and Decision 2892/QD-BCT cuts electricity retail price by 2% to support production in late 2026. url: https://ginity.vn/en/blog/resolution-45-gasoline-tax-exemption-and-electricity-cut canonical: https://ginity.vn/en/blog/resolution-45-gasoline-tax-exemption-and-electricity-cut markdown: https://ginity.vn/en/blog/resolution-45-gasoline-tax-exemption-and-electricity-cut.md language: en datePublished: 2026-11-01T00:00:00+07:00 dateModified: 2026-11-01T00:00:00+07:00 author: name: Gini url: https://ginity.vn/en/authors/gini reviewer: Ginity Editorial Desk analyst: name: Đào Ngọc Bảo Linh role: Finance and securities specialist location: Ho Chi Minh City telephone: "+84932439639" generatedBy: name: Ginix Harness url: https://ginix.vn desk: id: macro name: Macro & monetary url: https://ginity.vn/en/topics/macro tickers: [] sources: - name: Vietnam Government Portal url: https://baochinhphu.vn/tu-ngay-1-11-2026-thue-suat-thue-tieu-thu-dac-biet-doi-voi-xang-dau-cac-loai-la-0-102261031231855982.htm title: From November 1, 2026 special consumption tax rate on gasoline is 0% - name: Vietnam Government Portal url: https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm title: Electricity price reduced by 2% to 2,159.9 VND/kWh - name: Vietnam Government Portal url: https://vanban.chinhphu.vn/?docid=198541&pageid=27160 title: Law on Securities No. 54/2019/QH14 - name: CafeF url: https://cafef.vn/chinh-phu-danh-4000-ty-dong-giam-thue-tieu-thu-dac-biet-doi-voi-xang-188261101143312606.chn title: Government allocates fiscal support to reduce gasoline excise tax - name: Securities Investment Newspaper url: https://www.tinnhanhchungkhoan.vn/gia-dien-giam-2-tu-1112026-post400575.html title: Electricity price reduced from November 1, 2026 publisher: Ginity attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.' disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources." usageTerms: https://ginity.vn/ai.txt --- # Resolution 45 Cuts Fuel Excise Tax and Power Price by 2% > Resolution 45/2026/NQ-CP reduces fuel excise tax to 0% and Decision 2892/QD-BCT cuts electricity retail price by 2% to support production in late 2026. Gini · Macro & monetary · 2026-11-01 · https://ginity.vn/en/blog/resolution-45-gasoline-tax-exemption-and-electricity-cut _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - Resolution 45/2026/NQ-CP dated October 31, 2026 lowers the gasoline special consumption tax rate to 0% from November 1, 2026 to March 31, 2027. - The fiscal support package for waiving gasoline excise tax in the last two months of 2026 is estimated at 4,000 billion VND from the state budget. - Decision 2892/QD-BCT dated October 31, 2026 lowers the average retail electricity price by 2% to 2,159.9037 VND/kWh starting November 1, 2026. - Retail fuel prices dropped from November 1, 2026 with E5 RON 92 down 1,800 VND/liter to 24,220 VND/liter and E10 RON 95 down 1,580 VND/liter to 24,150 VND/liter. ## Resolution 45 Waives Fuel Excise Tax Through March 2027 According to official administrative announcements published on October 31, 2026 on the [Vietnam Government Portal](https://baochinhphu.vn/tu-ngay-1-11-2026-thue-suat-thue-tieu-thu-dac-biet-doi-voi-xang-dau-cac-loai-la-0-102261031231855982.htm), the Government of Vietnam formally issued Resolution No. 45/2026/NQ-CP setting the special consumption tax rate on all gasoline products to 0% from November 1, 2026 through March 31, 2027. According to statutory schedules under the Law on Special Consumption Tax No. 66/2025/QH15, fuel taxation previously imposed substantial levies: mineral petrol was taxed at 10%, E5 biofuel petrol at 8%, and E10 biofuel petrol at 7%. Setting the tax rate to 0% beginning November 1, 2026 provides immediate relief for domestic consumer fuel prices. According to market reporting published on November 1, 2026, the state budget allocates approximately 4,000 billion VND during the final two months of 2026 to fund this excise tax waiver on gasoline. Cumulative fiscal support provided for fuel tax and fee reductions since early 2026 reached roughly 64,000 billion VND as of October 31, 2026. ## Decision 2892 Lowers Retail Electricity Price by 2% Simultaneously with fuel tax reductions, power retail tariffs were adjusted downward. According to official regulatory notices published on October 31, 2026 on the [Vietnam Government Portal](https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm), the Ministry of Industry and Trade promulgated Decision No. 2892/QD-BCT establishing revised electricity retail prices effective November 1, 2026. According to regulatory filings reported on October 31, 2026, the average retail electricity tariff decreases by 2% starting November 1, 2026, bringing the baseline tariff to 2,159.9037 VND/kWh excluding value added tax. This price revision is executed under the statutory pricing mechanisms established in Decree No. 72/2025/ND-CP dated March 28, 2025 and Decree No. 278/2026/ND-CP dated July 9, 2026. According to Ginity calculations, the formula determining the revised electricity tariff following the 2% discount is defined as: $$\text{Updated Tariff} = \text{Base Retail Electricity Tariff} \times (1 - \text{Reduction Rate})$$ According to utility pricing records announced on October 31, 2026: The baseline retail electricity tariff before revision stood at 2,203.98 VND/kWh. Applying the 2% reduction rate under Decision No. 2892/QD-BCT yields the updated tariff from November 1, 2026: $$\text{Updated Tariff} = 2,203.98 \times (1 - 0.02) = 2,159.9037 \text{ VND/kWh}$$ According to official power distribution data published on October 31, 2026, this tariff adjustment cuts power costs by 44.08 VND/kWh for over 30 million residential and industrial electricity accounts across Vietnam starting in November 2026 billing cycles. ## Retail Fuel Price Movements Effective November 1, 2026 Following the enactment of Resolution No. 45/2026/NQ-CP, the inter-ministerial pricing committee adjusted domestic retail fuel prices lower starting at 00:00 on November 1, 2026. According to price schedule notifications reported on October 31, 2026, E5 RON 92 gasoline declined by 1,800 VND/liter to a price ceiling of 24,220 VND/liter from November 1, 2026. Concurrently, E10 RON 95 gasoline decreased by 1,580 VND/liter to a maximum of 24,150 VND/liter, pricing E10 petrol 70 VND/liter below E5 RON 92. In this operating period, diesel fuel remained unchanged at 30,240 VND/liter and mazut fuel oil remained unchanged at 23,590 VND/kg. | Energy Category | Previous Price (Before Nov 1, 2026) | Price Adjustment on Nov 1, 2026 | New Ceiling Price from Nov 1, 2026 | | :--- | :--- | :--- | :--- | | E5 RON 92 Petrol | 26,020 VND/liter | Cut by 1,800 VND/liter | 24,220 VND/liter | | E10 RON 95 Petrol | 25,730 VND/liter | Cut by 1,580 VND/liter | 24,150 VND/liter | | Average Retail Electricity | 2,203.98 VND/kWh | Cut by 2% (44.08 VND/kWh) | 2,159.9037 VND/kWh | | Diesel 0.05S | 30,240 VND/liter | Unchanged | 30,240 VND/liter | | Mazut Fuel Oil 180CST | 23,590 VND/kg | Unchanged | 23,590 VND/kg | Source: Decision 2892/QD-BCT and official retail energy pricing schedules announced on October 31, 2026. > Chart: Direct Price Reductions for Key Energy Products from November 1, 2026. VND per unit. E5 RON 92 Petrol: 1,800; E10 RON 95 Petrol: 1,580; Retail Power: 44. Source: Decision 2892/QD-BCT and official retail fuel pricing releases on October 31, 2026. ## Easing Input Cost Pressures and Year-End Inflation Decreasing two primary energy inputs simultaneously eases upward pressure on the consumer price index throughout fourth quarter 2026. As evaluated in our macroeconomic examination on [electricity price cut two percent impact on costs and inflation](/en/blog/electricity-price-cut-two-percent-impact-on-costs-and-inflation), transportation and utilities represent significant weights in Vietnam consumer price basket. According to 2026 economic statistics, transportation accounts for roughly 9.67% and housing together with building materials (including household electricity) accounts for 18.82% of the consumer basket weight. The combined impact of cutting petrol prices by 1,580 to 1,800 VND/liter and lowering power tariffs by 2% on November 1, 2026 is projected to reduce November 2026 headline CPI by approximately 0.15 to 0.22 percentage points. According to Ginity estimates, lower utility costs help enterprises curtail logistics outlays, reinforcing corporate support delivered via the [thirty percent tax reduction for businesses under ten billion](/en/blog/thirty-percent-tax-reduction-for-businesses-under-ten-billion). Energy-intensive manufacturing sectors like steel, cement, apparel, and chemicals will realize immediate operational savings across fourth quarter 2026. ## Implications for Equity Markets and Listed Sectors Across equity markets, lower energy input expenses produce sector-specific benefits among listed companies governed by the [Law on Securities No. 54/2019/QH14](https://vanban.chinhphu.vn/?docid=198541&pageid=27160). According to market observations in fourth quarter 2026, primary sector beneficiaries comprise: - Transportation and Logistics: According to fleet operating calculations, gasoline price reductions of 1,800 VND/liter from November 1, 2026 enable road freight, delivery, and passenger transport operators to lower monthly fuel outlays by 4% to 6% during late 2026. - Industrial Manufacturing: According to manufacturing cost models, the 2% electricity price discount under Decision 2892/QD-BCT saves heavy manufacturing and chemicals enterprises tens of billions of VND monthly throughout fourth quarter 2026. - Consumer Retail: Cheaper transport and energy bills bolster consumer disposable income during the year-end shopping period, supporting retail distribution revenues in 2026. For equity market participants, monitoring commodity inflation channels detailed in [commodities q4 2026 oil steel agriculture](/en/blog/commodities-q4-2026-oil-steel-agriculture) and macroeconomic inflation readings in [cpi and inflation reading the numbers](/en/blog/cpi-and-inflation-reading-the-numbers) offers valuable context regarding central bank monetary policy flexibility during late 2026. ## Sources - Vietnam Government Portal: [Resolution 45/2026/NQ-CP on gasoline excise tax](https://baochinhphu.vn/tu-ngay-1-11-2026-thue-suat-thue-tieu-thu-dac-biet-doi-voi-xang-dau-cac-loai-la-0-102261031231855982.htm) (31/10/2026) - Vietnam Government Portal: [Decision 2892/QD-BCT on retail electricity tariffs](https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm) (31/10/2026) - Vietnam Government Portal: [Official gazette legal documentation system](https://vanban.chinhphu.vn/?docid=198541&pageid=27160) (31/10/2026) - CafeF: [Government allocates fiscal support to reduce gasoline excise tax](https://cafef.vn/chinh-phu-danh-4000-ty-dong-giam-thue-tieu-thu-dac-biet-doi-voi-xang-188261101143312606.chn) (01/11/2026) - Securities Investment Newspaper: [Electricity price reduced from November 1, 2026](https://www.tinnhanhchungkhoan.vn/gia-dien-giam-2-tu-1112026-post400575.html) (31/10/2026) *Disclaimer: This research article synthesizes regulatory documentation and official governmental announcements for educational purposes only. It does not provide financial advice, stock recommendations, or trading directives. Consult our formal [Disclaimer](/en/legal/disclaimer) for additional details.* ## Frequently asked questions ### How long does Resolution 45/2026/NQ-CP apply the 0% fuel excise tax? Resolution No. 45/2026/NQ-CP remains effective from November 1, 2026 until March 31, 2027, applying a zero percent tax rate to all domestically distributed gasoline. ### What is the new average retail electricity price starting November 1, 2026? According to Decision 2892/QD-BCT dated October 31, 2026, the average retail electricity tariff decreases by 2% to 2,159.9037 VND/kWh excluding value added tax. ### How much did domestic retail fuel prices decrease on November 1, 2026? Effective November 1, 2026, E5 RON 92 gasoline dropped by 1,800 VND/liter to 24,220 VND/liter, while E10 RON 95 gasoline decreased by 1,580 VND/liter to 24,150 VND/liter. --- _Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._ _Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._