According to the announcement of Shandong Provincial Taxation Bureau, private oil refining enterprises are explicitly included into the risk reserve collection system for the first time.In the past, the participation degree of private companies in risk reserve fund was not high, which led to the unfair market positions between private refineries and three state-owned refineries.From the perspective of energy transformation, it can kill two birds with one stone. On the one hand, the change on the policy reduces the unfairness of oil making companies with different ownership; on the other hand, increasing the cost of refined oil can avoid the extremely low price, which affects the energy transformation process of the transportation industry. If the tax on oil products is used to support the development of energy efficiency and low-carbon, it can further accelerate the energy transformation.Market economy and low-carbon transformation both require the establishment of a fair and just market environment. Under the new situation that the goal of realizing carbon neutrality in 2060 has been announced by General Secretary Xi Jinping, it is expected to intensify efforts to control carbon emissions. There may be more policies introduced in the near future, which can not only create a fair market environment, but also promote low-carbon development.
