The gasoline and diesel consumption tax management measures introduced oil prices are not affected

The Measures for the Administration of Consumption Taxes on Gasoline and Diesel (Trial) (hereinafter referred to as the “Measures”) shall be implemented as of September 1, 2005, which stipulates “units and individuals that produce, entrust processing, import gasoline and diesel in the territory of the People’s Republic of China, All are petrol and diesel consumption taxpayers (hereinafter referred to as taxpayers). The applicable tax rate for unleaded petrol is 0.2 yuan per liter, and the leaded gasoline (lead content exceeds 0.013 grams per liter). The applicable tax rate is 0.28 yuan per liter. The applicable tax rate for diesel is 0.1 per liter. Yuan. How will this new "Measures" affect China's oil prices? "The "Measures" formulated by the State Administration of Taxation are not new. We have already paid the consumption tax on gasoline and diesel in the production process according to the state regulations, and the tax rate has not changed." The staff of the Shanghai Petrochemical Office of the Secretary-General told the author This means that the ex-factory price of gasoline and diesel will not be affected.

Zhong Jian, general manager and analyst of Dongfang Oil and Gas Network, believes that from the details of the Measures, this is obviously a way to strengthen management. An energy analyst agrees. At the same time, he believes that since the taxation behavior of the main enterprises is relatively standardized, the promulgation of the Measures is mainly aimed at many social refining units, which is likely to clear the obstacles for the future changes in the pricing mechanism of refined oil products. . He said: "According to past experience, there will be a rectification of the norm before a major change."
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