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China unveils fuel tax hikes on more oil products

China explained more on fuel consumption taxes hikes Friday after revealing a seven- to eight-fold increase on gasoline and diesel products a day earlier, part of a reform of fuel taxation and pricing approved along with slashing retail fuel prices. ... ...full story at People's Daily

from People's Daily on Fri, Dec 19 2008

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09 Dec 08 visit Official says China's fuel prices will drop under new fuel-pricing system  »  People's Daily China's existing pump prices will go down a bit as the country begins reform of fuel taxation and refined oil product pricing system, which is expected to take place on Jan. 1 of 2009, an official said in Beijing on Tuesday. Xu Kunlin, vice head...
21 Jun 08 visit China allocates another 3.78 bln yuan in subsidies to offset fuel hikes  »  People's Daily The Ministry of Finance said late Friday it allocated another 3.78 billion yuan (548 million U.S. dollars) in subsidies to help low-income families against the latest fuel price hikes announced a day earlier. Of the total, 1.85 bill ...
05 Dec 08 visit Retail fuel tax may start from January  »  People's Daily China is likely to impose a retail fuel tax from January as part of its oil pricing reforms, according to a senior official with the National Development and Reform Commission (NDRC). The official said the State Council has already approved the reform...
07 Dec 08 visit China explains more on proposed refrom of fuel tax, pricing  »  People's Daily China on Saturday gave further explanation on the proposed reform of fuel tax and pricing in a bid to dispel misunderstanding that a higher consumption tax will mean higher pump prices. The authorities on Friday released a draft reform plan to...

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