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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Motorists may end up paying less for fuel » People's Daily Car owners could pay less for gas after the government adjusts the retail fuel tax from January 1. The retail gas price may drop rather than increase after the fuel price reform is implemented, said Xu Kunlin, deputy head of the pricing department of... |
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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 |
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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 |
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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... |
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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... |