The Ministry of Finance of China announced on the 24th: After review by the Tariff Commission of the State Council and approval by the State Council, China will significantly reduce the import of gasoline, diesel, aviation kerosene and fuel oil starting from July 1, 2011. Tariffs, among which diesel and aviation kerosene will be imported at zero tariff. In addition, import tariffs on 33 other tax items have been reduced. This is a good way to kill three birds with one stone: First, it promotes the balance of foreign trade and reduces the commercial surplus. The second is to reduce the pressure of imported inflation. The significant reduction in import tariffs has reduced the cost of oil imports, thereby slowing down the upward pressure on domestic oil prices. At the same time, lower tariffs have contributed to the reduction of trade surplus and the slowdown in the growth of foreign exchange reserves, which has reduced the pressure on the central bank to passively issue currency, which is conducive to eliminating the monetary factors of inflation. The third is to promote the start of domestic consumption. The sharp decrease in oil import tariffs has caused the price of refined oil to fall or stabilize, which is conducive to promoting automobile consumption. The automobile industry has driven more than 100 industries, thereby promoting the development of many industries. But the most critical issue is that there are prerequisites for achieving the goal of killing three birds with one stone. That is, who will benefit from the significant reduction in import tariffs? Which link is passed to? Some experts have spoken: Reducing import tariffs will help reduce the pressure on business operating costs. The meaning is obviously that the benefit of lowering import tariffs is to subsidize the three major monopoly oil companies, PetroChina, Sinopec, and CNOOC. If this is the case, it can only achieve the effect of killing one stone, that is, promoting the balance of foreign trade, but killing the other two more important gains: reducing imported inflationary pressure and promoting the start of domestic consumption. We have noticed that due to the impact of global economic uncertainty and the announcement by some industrialized oil consuming countries that 60 million barrels of oil will be released from the government's strategic reserves to the market to lower crude oil prices, the current international oil price has shown a relatively large increase. of decline. However, my country's domestic refined oil prices remain unchanged. The National Development and Reform Commission last raised oil prices on April 7 this year, raising the ex-factory prices of gasoline and diesel by 500 yuan and 400 yuan per ton respectively. On April 7, the front-month contract price of New York crude oil futures was $110.3 per barrel. As of Friday (24th), the front-month contract price of New York crude oil futures has fallen to US$91.23/barrel, a drop of 17.29%. However, some experts say that another 10% drop is needed to reach the -4% lowering line for oil prices, which shows that the oil pricing mechanism itself is a "fast-rising, slow-growing" mechanism. To sum up, the significant reduction in oil import tariffs this time is combined with the recent sharp decline in international oil prices. It seems unreasonable that domestic refined oil prices will not be reduced. In order to significantly reduce import tariffs and achieve the effect of killing three birds with one stone, the benefits of lowering import tariffs must be passed on to the prices of end consumer goods, that is, directly lowering the retail price of domestic refined oil products, Jinan Car Rental youyizuche. The reduction in oil import tariffs this time is quite large. Motor gasoline and aviation gasoline will be reduced from 5% to 1%. Aviation kerosene and light diesel oil will be reduced from 9% and 6% to 0%. No. 5-7 fuel oil will be reduced from 6%. % was lowered to 1%. Previously, when oil monopolies explained that domestic oil prices were higher than those in the United States, they said that the tax burden was much higher than in the United States. This time the country has lowered import tariffs, monopolies should voluntarily transfer these benefits to consumers.