HANOI, March 9 (Reuters): Vietnam is planning to remove its import tariffs on ​fuels to ensure supplies amid disruptions caused by the military conflict in the Middle East, the government said.

The tariff removal ​is expected to last until the ​end of April, the government said ⁠in a statement issued late on ​Sunday, adding that a resolution is being ​prepared by the Ministry of Finance.

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Vietnam's import tariffs on fuels range up to 20%, with ​most of the imports from countries ​that Vietnam has free-trade agreements exempt from tariffs.

Domestic ⁠prices have already risen by 21%-32% since the U.S.-Israeli war with Iran began.

The removal of the tariffs until the ​end of ​April would ⁠reduce state revenue by 1.02 trillion dong ($39 million), the ​government said.

"This tariff removal solution is ​considered ⁠necessary to support businesses in proactively securing their supply sources, contributing to stabilizing ⁠the ​domestic petroleum market and ​ensuring energy security," the government said.

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