Is Light Cycle Oil Classified as Fuel Oil?
1 Answers
Light cycle oil is a type of clean oil and belongs to the category of fuel oil. Below is relevant information about blended fuel oil: Introduction: Blended fuel oil refers to the combustion oil produced by refineries through mixing heavy oil designated for burning with other oil products. According to current special fuel tax regulations, when levying the special fuel tax, only the heavy oil portion in the blended fuel oil is taxed if the proportion of heavy oil can be clearly distinguished. Most petroleum products can be used as fuel. Calculation formula: The tax payable per ton of heavy oil in blended fuel oil = Proportion of heavy oil in blended fuel oil × Unit tax amount of heavy oil. Based on whether it becomes a commercial product upon leaving the factory, fuel oil can be categorized into commercial fuel oil and self-use fuel oil.