Utility Bill Auditors - Expense Reduction Advisors

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

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.

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