Home > RELEASE > Energy Price > Other >


Domestic refined oil prices have been adjusted downward due to adjustment of VAT rate

Release Date:2018-05-03 17:42:58     Source:Belt and Road Energy Cooperation

According to the spirit of the executive meeting of the State Council on March 28, the Ministry of Finance issued the Notice on Adjustment of Value Added Tax Rates (Finance [2018] No. 32) on April 4, reducing the VAT rates of certain industries and cargos since May 1. Among them, the value-added tax rate for refined oil products have been reduced from 17% to 16%. Accordingly, the maximum retail prices of domestic gasoline and diesel will be reduced by 75 yuan and 65 yuan per ton respectively, which will be implemented from 24:00 on April 30, 2018.

(It’s arranged and compiled according to the website of National Development and Reform Commission.)



About us | Contact us | Legal notice

Sponsored by National Energy Administration          Operated by China Information Corporation

Registration number:11044902

It's recommended to use the Chrome,Firefox,IE9 and above browsers to get a better view.