A change in China's tax policy is affecting Asia's petroleum product trade

A change in China's tax policy is affecting Asia's petroleum product trade
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

05.10.2021

In June of this year, China implemented a new consumption tax policy that affects imports of two fuels: mixed aromatics, which were blended into gasoline, and light cycle oil, which was blended into diesel. These components were previously exempt from China's consumption tax. This new policy has reduced China's imports of these products and its exports of petroleum products.

Full article at eia.gov

Back

news