China to scrap tax breaks for fuel oil refining: sources
14 Feb 2025
Beijing is on track to remove consumption tax rebates for local refiners using heavy fuel oil as a feedstock in the latest round of shakeups that could further...
Please Register or Sign in to view this content.
Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon, ammonia and hydrogen markets.
Quantum Oil service subscribers have access to:
- Daily price assessments
- Market news and price commentary
- Fundamental trade data
- Quantum Oil Daily - market report sent to your email
Get in touch with us for subscription information on all Quantum platforms, or help with the service.
Related
2 Jan 2025
The Chinese government said it would keep the annual fuel oil import quota for 2025 in line with the previous year's allowance despite Beijing's...
30 Dec 2024
China will introduce a new customs code for fuel oil imports in the new year in a bid to tighten regulation around a market used by...
26 Dec 2024
The Chinese government issued its first slice of clean oil product export allowance for next year at 19 million mt, according to local...
20 Dec 2024
China's fuel oil imports surged to 2.55 million mt in November, the highest in seven months, driven by robust demand for marine fuel and...
15 Nov 2024
China is set to cut tax rebates for clean oil product exports, signalling a broader effort by Beijing to rein in fiscal spending as it...
17 Sep 2024
Chinese imports of residual fuel oil have spiked this month as independent domestic refiners scrambled for spot supplies of the...