The hottest reduction of refined oil tariffs shoul

2022-08-08
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Lowering tariffs on refined oil should be an opportunity to reduce domestic oil prices

the Ministry of Finance issued a notice on the 24th that China will significantly reduce import tariffs on gasoline, diesel, aviation kerosene and fuel oil from July 1, 2011, of which diesel and aviation kerosene will be imported with zero tariffs

the Ministry of Finance said that the sharp reduction of import tariffs on gasoline, diesel, aviation kerosene, fuel oil and other related commodities is aimed at further expanding the import of advanced technology and equipment, key components and energy raw materials, promoting the balance of foreign trade, ensuring the smooth operation of the domestic economy, and strengthening the construction of the domestic disaster relief and emergency materials reserve system. Liu Heng, deputy dean of the school of Taxation of the Central University of Finance and economics, said that the sharp reduction of import tariffs on energy and raw materials plays an important role in promoting the balance of foreign trade, improving the energy structure and reducing the costs of domestic enterprises. Some analysts of refined oil products from relevant institutions believe that since July is the traditional maintenance peak of domestic refineries, the reduction of gasoline and diesel to encourage imports may be to give early warning and deal with the possible "oil shortage". However, according to the messages from several major portal stations, the general public hopes that the import tariffs of gasoline and diesel will be significantly reduced this time. For example, the ice and snow performance of winter tires can play a role in promoting the moderate reduction of domestic finished oil prices, so that consumers and oil companies can benefit

the current software can also be edited. Only a few major oil majors in China have the right to import oil, and a substantial reduction in oil import tariffs, as pointed out by relevant experts, is conducive to reducing the production and operating costs of oil enterprises. For a long time, when explaining that there is "no room for price reduction" in domestic oil prices, several major oil majors have taken the high production and operating costs of refined oil caused by high taxes as an important reason. When explaining that China's oil price is higher than that of the United States, relevant experts also said that the "naked price" of China's refined oil is not higher than that of the United States, but that China's oil price is higher than that of the United States due to tax costs. Now the state has sharply reduced oil import tariffs, which is conducive to reducing the production and operating costs of oil enterprises, and undoubtedly expands the price reduction space of oil enterprises. Obviously, there is no reason for oil majors to refuse to reduce oil prices on the grounds of high tax costs

in addition, since taxes were originally used for public utilities and improving people's livelihood, the country's substantial reduction of oil import tariffs is actually at the cost of reducing the capital income that can be used for public utilities and improving people's livelihood to reduce the production and operating costs of oil enterprises. Therefore, this part of the reduced costs of oil enterprises should obviously be returned to the society and the public by appropriately reducing oil prices, It should not only play a role in further increasing the profits of oil enterprises, otherwise it will increase the income of oil enterprises at the cost of reducing the welfare of the people. According to the annual report data released by the oil majors, several major oil majors have made a lot of money in recent years, and there are continuous calls for oil companies to make profits to the public. No doubt, it is the right time for oil companies to take advantage of the opportunity of significantly reducing oil import tariffs to reduce the domestic oil price of finished products

as many people have pointed out, high oil prices push up the costs of logistics and oil consumption enterprises, affect and hinder the development of economic flexibility, but also increase the economic burden of the people and damage the well-being of the people. In addition, the rise in oil prices will push the overall price level higher. Lowering the oil price to a reasonable level will help reduce the production costs of logistics and enterprises, promote enterprise development and economic growth, reduce the economic burden of the people, promote and improve people's livelihood, and promote the stability of the overall price level. Therefore, the relevant parties should comply with the expectations of the public and take the sharp reduction of oil import tariffs as an opportunity to reduce domestic oil prices, so as to further promote economic development and the improvement of people's livelihood, alleviate social contradictions and promote harmony and stability

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