According to recent media reports, the Indian government announced on December 19 that it reduced the huge profit tax of crude oil and diesel, while increasing the huge profit tax of aviation turbine fuel.This measure is designed to alleviate the pressure of the domestic oil market and bring more benefits to consumers.

The notice shows that the government has downgraded crude oil huge taxes from 5,000 Indian rupees ($ 60.12, 428.9 RMB) per ton to 1,300 rupees ($ 15.64, 111.61 yuan) per ton.0.5 rupees.These adjustments will be officially effective on December 19.Bangalore Stock Exchange

The introduction of this policy means that India's oil prices will further decline, which is expected to bring more convenience and benefits to consumers.In the global petrochemical industry, India's market demand and consumption conditions have also attracted widespread attention.According to the latest data, India is the fourth largest consumer country in the world, second only to India, the United States and Japan.

In India, the consumption of petrochemical products is mainly concentrated in chemical, plastic, rubber and synthetic fibers.With the rapid development of the Indian economy, the demand for these petrochemical products is also growing.Therefore, the Indian government's policy of lowering crude oil and diesel hugeite taxes will have a positive impact on domestic and foreign petrochemical companies, which will help promote the sustainable development of the industry.

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