Thu, August 19, 2010

China ready to levy fuel tax

China unveils scheme for fuel tax reform

China unveiled its long-awaited plan on fuel tax reform on Friday, hiking the fixed amount of money levied on oil consumption, while phasing out some fees levied on drivers. Full story

Fuel Tax

What is fuel tax?

A fuel tax is a sales tax imposed on the sale of fuel. In most countries, the fuel tax imposed on fuels which are intended for transportation.

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