Issues related to the consumption tax on refined oil products

This seems to be the responsibility of the finance department; we are only responsible for processing and production, while cost-benefit analysis should be carried out by the operations department.

This seems to be the responsibility of the finance department; we are only responsible for processing and production, while cost-benefit analysis should be carried out by the operations department.

　There are a total of seven categories of goods subject to the consumption tax on refined oil, namely gasoline (including leaded and unleaded gasoline), diesel, aviation kerosene, naphtha, solvents, lubricating oils, and fuel oils. The consumption tax rate for refined oil ranges from 0.8 yuan per liter to 1.4 yuan per liter. The editors of Xicai Network (www.csai.cn) have compiled detailed information for reference. 　　Table of Tax Rates for Consumption Tax on Refined Petroleum Products
Tax Item | Tax Rate
--- | ---
Gasoline | Leaded gasoline: 1.0 yuan/liter; Unleaded gasoline: 1.4 yuan/liter
Diesel | 0.8 yuan/liter
Aircraft kerosene | 0.8 yuan/liter
Naphtha | 1.0 yuan/liter
Solvent oil | 1.0 yuan/liter
Lubricating oil | 1.0 yuan/liter
Fuel oil | 0.8 yuan/liter

Appendix: Conversion standards for measurement units of taxable consumer goods for which the “fixed-amount per unit” method is used to calculate tax amounts
(1) Gasoline: 1 ton = 1,388 liters
(2) Diesel: 1 ton = 1,176 liters
(3) Aircraft kerosene: 1 ton = 1,246 liters
(4) Naphtha: 1 ton = 1,385 liters
(5) Solvent oil: 1 ton = 1,282 liters
(6) Lubricating oil: 1 ton = 1,126 liters
(7) Fuel oil: 1 ton = 1,015 liters

Related reading >>> Detailed explanation of the tax items subject to consumption tax on refined petroleum products

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This post was last edited by wt2008 on 2015-7-9 at 11:26. I also downloaded it from the Internet; that’s more or less how it is. It costs over a thousand yuan per ton. I’ve learned a little about basic accounting principles, but I’ve never worked in finance; so my information might not be entirely accurate. Please forgive any mistakes.

Is the diesel consumption tax 0.8? The latest version is 1.2, right?

Maybe so. I also downloaded it from the Internet; it’s data from last year. I’m not in finance, so I don’t know much about it. I only know that it was mentioned several times.