Mon, December 08, 2008
China > Politics > China ready to levy fuel tax

China unveils scheme on fuel taxation for public comment

2008-12-05 10:57:25 GMT2008-12-05 18:57:25 (Beijing Time)  Xinhua English

BEIJING, Dec. 5 (Xinhua) -- China unveiled a long-awaited scheme on fuel taxation and reform of the country's refined oil pricing mechanism on Friday evening to solicit public opinion.

The scheme, expected to be put into effect on Jan. 1, 2009, will annul six types of fees on road maintenance and management. Meantime, it will raise the gasoline tax from the current 0.2 yuan each liter to one yuan per liter and diesel tax from 0.1 yuan per liter to 0.8 yuan one liter.

The government promised the country's existing fuel price will not be raised because of the reform.

The scheme was jointly released by the National Development and Reform Commission, Ministry of Finance, Ministry of Transportation and State Administration of Taxation.

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