Ji'nan No. 93 gasoline will enter the era of five yuan, eleven drop, no suspense.
since July 2014, the retail price of domestic refined oil has also seen a rare drop even after the continuous decline of international crude oil prices. Excluding the price of finished oil in November 28, 2014, the price adjustment was not adjusted because the consumption tax was raised to offset the price reduction. This time will usher in the "eleven consecutive fall" of the oil price adjustment, entering the "five Yuan era". The market is worried that oil prices will fall back on the "five Yuan era" at the critical price of the "five Yuan era" in November 28, 2014 and December 12th, after the two downgrade of the two finished oil prices. The adjustment of the fee tax is based on the Provisional Regulations on consumption tax promulgated and implemented in 2009. The regulations stipulate that "the adjustment of the consumption tax and tax rate shall be decided by the State Council". Therefore, as long as the Ministry of Finance and the State Administration of taxation report to the State Council, the rate of consumption tax can be adjusted after the approval of the State Council.