Due to a hike in import tariffs, Chinese imports of fuel oil are set to slow at the start of the year, which could further weigh on the refining margins of the independent refiners in the world’s top crude oil importer. China’s smaller private refiners, which are short on crude import quotas or haven’t been allocated such, import fuel oil to process it into more valuable fuels for transportation, including diesel and gasoline. However, as of January 1, 2025, China is raising its import tariff on fuel oil to 3% from 1%. As a result,…
Hence then, the article about higher taxes could slow china s fuel oil imports was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Higher Taxes Could Slow China’s Fuel Oil Imports )