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China unveils scheme on fuel tax for public comment
By Zheng Lifei (China Daily)
Updated: 2008-12-05 19:17

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China unveils scheme on fuel tax for public comment 
Views on proposed fuel tax sought

China is planning to increase retail fuel consumption tax staring from January 1, 2009, country's top economic planner National Development and Reform Commission (NDRC) announced Friday, a major step towards a market-based oil pricing mechanism.

The retail fuel consumption tax for the gasoline will increase from 0.20 yuan per liter to 1 yuan per liter while diesel consumption tax will increase to 0.80 yuan per liter from the current 0.1 yuan, according to a plan issued by NDRC and other ministries.

The plan is issued to solicit public feedback, which will end December 12.


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