Wed, December 17, 2008
Business > Industries > China ready to levy fuel tax

Official: China's fuel prices will drop under new fuel-pricing system

2008-12-09 02:36:09 GMT2008-12-09 10:36:09 (Beijing Time)  Xinhua English

BEIJING, Dec. 9 (Xinhua) -- 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, Xu Kunlin, vice head of the pricing department at the National Development and Reform Commission, said here on Tuesday.

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