Fuel oil consumption tax New deal benefit face narrow

Shaotian Fuel oil consumption tax the benefit of the new deal is narrow, most local refineries will not be able to profit from it, for fuel oil import stimulus effect is not obvious.　　Advisory body, said the August 31, the fuel oil consumption tax benefits face narrow, most local refineries will not be able to profit from, for fuel oil import stimulus effect is not obvious.　　On August 30, the Ministry of Finance and the National Taxation Administration promulgated the "notice on adjusting the consumption tax policy of some fuel oil", and gave the policy of exemption or full return of consumption tax to the production of fuel oil for the purpose of producing ethylene, aromatic hydrocarbons and other chemical products.　　Energy sources point out that the current domestic processing of fuel oil is the main local refinery, these refineries in the production of ethylene, chemical technology is relatively weak, basically do not have the corresponding ethylene cracking device and aromatics extraction device, most of them do not have the conditions to exempt consumption tax.　　Most private chemical enterprises in China, even if they have ethylene and aromatic hydrocarbon devices, are usually used naphtha or other light oil as processing materials for cost and process consideration, and few direct processing fuel oil to produce ethylene or aromatic hydrocarbons.　　The agency further pointed out that with a full set of refining equipment and perfect chemical processing capacity of the refinery, most of Sinopec, PetroChina Group's enterprises; But these refineries have stable supply of crude oil, and since the production of chemical light oil as raw materials, there is little need to outsource fuel oil processing. In addition, in recent years, the rapid development of "heavy oil olefin technology" or heavy oil catalytic cracking technology, the output of olefin products ratio is usually less than 20%, also can not meet the new policy of ethylene, aromatic chemicals products ratio of more than 50% of the requirements.