Tax exemption expiry to trim Japan’s gasoil exports

摘要

Japan’s gasoil exports to South Korea are likely to fall when an import tax exemp- tion in South Korea expires in July. Japan exports up to 60,000 b/d of 0.001pc sul- phur gasoil to South Korea, although shipments were only 26,000 b/d in March. But exports could drop to 15,000 b/d when the exemption expires.