How to subsidize international oil prices after the control upper limit?The two departments are clear

China Economic Net, Beijing, June 29. This afternoon released the news that the National Development and Reform Commission website released news. In order to reduce the burden on downstream users and consumers and reduce the cost of the real economy, with the consent of the State Council, when the international oil price exceeds the upper limit of $ 130 per barrel, the domestic finished product Oil prices will no longer be adjusted in the short term (not more than two months). In the future, the time of international oil prices is higher than the $ 130 per barrel, which has accumulated more than two months, and relevant policies and measures will be clearly clarified in advance. The website of the Ministry of Finance issued the "Notice on the Implementation of the Related Price Subsidies after the International Oil Prices Touch the Government", which clarifies that when the international market crude oil price is higher than the national regulatory reinforcement price control upper limit, refined oil prices are staged in stages No longer increase, the central government has given the relevant rules for the corresponding price subsidies to refining enterprises. The following is the full text.

Notice on the implementation of phased price subsidies after the international oil price touches the upper limit of the regulation

Caijian [2022] No. 185

All provinces, autonomous regions, municipalities, and planned municipal departments (bureaus), development and reform committees, Xinjiang Production and Construction Corps Finance Bureau, Development and Reform Commission, regulatory bureaus of the Ministry of Finance, China Petroleum and Natural Gas Group Co., Ltd. China Ocean Petroleum Co., Ltd., China Sinochem Group Co., Ltd., China Weapon Industry Group Co., Ltd., related enterprises:

In order to ensure the safe and stable supply of refined oil oil, reduce the cost of operating the real economy, and reduce the burden of consumer consumer, when the State Council's consent The corresponding price subsidies will be given to refining companies. The relevant matters are notified as follows:

1. Subsidy object and period

The subsidy target is the production and operation and operation enterprises of the production, commissioning and importing and importing auto and diesel of the People's Republic of China.

When the price of crude oil prices in the international market is higher than the upper limit of the refined oil price ($ 130 per barrel), a phased price subsidy for refining enterprises will be implemented for two months. The upper limit of the price control of refined oil products stipulated in the state will clarify the relevant regulatory policies in advance.

2. Subsidy standards and quantity of subsidies

Calculated with 10 working days (corresponding to the phase of refined oil adjustment window period) as a period of cycle, the subsidy standard is the unseensed amount of the maximum retail price of the vapor and diesel during the cycle.

The number of subsidies is the actual sales of gas and diesel during the cycle, and the actual sales volume of auto and diesel that pays the consumption tax of enterprises shall be calculated.

3. Subsidy application and allocation

The Central Enterprise Group is responsible for organizing subsidy funds for its subordinate oil refining enterprises, and the financial departments of the provinces (autonomous regions, municipalities) are responsible for organizing local oil refining enterprises to apply for subsidy funds in accordance with the principles of territoriality.

(1) Report for the record. Each refining enterprise fills in the "Basic Information Situation of the Refining Enterprise" (see Annex 1) as required. Essence

(2) Enterprise reporting. Relevant oil refining enterprises are reported to the "Sales Period Sales Period of Refining Enterprises" (see Annex 2) according to the actual sales of 10 working days according to the actual sales volume.

(3) Data review. Relevant refining enterprises will report relevant materials to the local regulatory bureau of the Ministry of Finance in accordance with the principles of the territory. After the preliminary review of the local regulatory bureau of the Ministry of Finance, the oil refining enterprise will be submitted to the central enterprise group or the provincial financial department for review. In principle, the preliminary review period does not exceed 10 working days.

(4) Summary declaration. The Central Enterprise Group and the provincial financial departments summarize the materials after the review, and fill in the "Summary Form for the Staged Subsidy Subsidies of Oil Price" (see Annex 3) to report to the Ministry of Finance. Central Enterprise Group and provincial financial departments shall timely declare the subsidy cycle oil price subsidy in time after each subsidy cycle is over.

(5) Fund allocation. According to the number of subsidies reported by the Central Enterprise Group and the provincial financial departments, the Ministry of Finance has issued subsidy funds to the central enterprise group and relevant localities. Local finances should be paid to relevant oil refining enterprises in a timely manner after receiving the fund budget.

Fourth, division of responsibilities

Relevant refining companies are responsible for the authenticity and accuracy of the reporting materials. The regulatory bureaus of the Ministry of Finance are mainly responsible for reporting the authenticity review of materials. It adopts written review and review of original vouchers to focus on reviewing whether the data fills in the data is true and accurate. The provincial financial department is mainly responsible for reviewing the compliance of the reporting materials in accordance with the situation of the enterprise, and is responsible for summarizing the application of funds to apply for funds. The Central Enterprise Group is responsible for conducting authenticity and compliance review of the reporting materials, and is responsible for summarizing the application for funds. The Ministry of Finance is responsible for organizing provincial financial departments and relevant central enterprise groups to do a good job of subsidy funds for review and review, and issue subsidy fund budget as required. The Development and Reform Commission is responsible for regularly announced subsidy standards to the Ministry of Finance. Provincial development and reform departments are responsible for paying close attention to changes in supply and demand of the refined oil market, and coordinate related enterprises to do a good job of safe and stable supply of refined oil products.

5. Supervision and management

Refining enterprises should actively accept supervision and inspection by the financial, development and reform departments and audit supervision of audit organs.For companies that use fakes and other means to deceive financial subsidy funds, they will cancel their application qualifications and recover subsidy funds that have been allocated.No unit or individual shall be cut or misappropriate price subsidy funds.For violations of laws and disciplines such as the abuse of power, negligence, and fraud, and other violations of laws and disadvantages, in accordance with the relevant regulations such as the "People's Republic of China Budget Law", "Civil Service Law of the People's Republic of China", "Supervision Law of the People's Republic of China", "Regulations on the Regulations on Punishment of Penalties for Fiscal Violations"Responsible.Constitute a crime, be held criminally responsible.This notice will be implemented from the date of issuance.

National Development Reform Commission of the Ministry of Finance

June 14, 2022

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