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Rumored reduction of fuel oil and bitumen tax credit likely to hurt profitability

Source: Mysteel Jan 20, 2025 14:32
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Bitumen Naphtha Policy
Recently, there have been rumors about potential adjustments to the consumption tax deduction policy for refineries, which involves the tax deductions for fuel oil, bitumen mixture, and naphtha. Although there is no official confirmation yet, it could potentially hurt the industry's profitability if it is duly implemented.   1. Current Consumption

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