EXCLUSIVE-Singapore offers carbon tax rebates for refiners near term, sources say

Source: livemint.com livemint.com

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(Repeats story with no changes to text) By Trixie Yap and Chen Aizhu SINGAPORE, June 13 (Reuters) - Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere, four sources familiar with the matter said. The tax concessions will provide a significant buffer for refiners' profit margins amid growing competition with newer plants in China and the Middle East. Carbon tax costs are estimated at between 80 cents and $1 per barrel of crude input basis for...