US president says he is extending deadline for strait of Hormuz to reopen to 6 April; Houthis tell Lloyd’s List ‘no reason’ to prevent Saudi oil using Red Sea route
More on petrol prices: Vietnam’s trade ministry is saying it has temporarily waived an environmental tax on fuel to cut soaring prices by more than a quarter.
The environmental protection tax rate on gasoline, diesel and aviation fuel would be slashed to zero from today until 15 April, the ministry said on Friday, adding:
This is considered an urgent and effective solution to stabilise the petroleum market and ensure national energy security amidst the escalating conflict in the strait of Hormuz, which is creating the ‘biggest energy bottleneck ever’.
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