China’s Gas Tax Expected ‘Within 20 Days’

Fuel taxes are to be imposed within 20 days, according to China Daily, quoting reliable sources in the latest in a series of leaks prepping their introduction. This will reverse the subsidies now given to refined petroleum products. The aim is to make China a more efficient consumer of energy. The 60% fall in global crude oil prices from their record high in the summer provides an opportunity to tax domestic fuels such as gasoline and diesel with less initial impact on pump prices. The initial rate is expected to be 25% or a little over a yuan a liter.

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One response to “China’s Gas Tax Expected ‘Within 20 Days’

  1. Pingback: Fuel Tax Raise Coming On Jan. 1 « China Bystander

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