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China may cut upcoming fuel tax rate next week

Kelly From Gasgoo.com| December 18 , 2008 15:07 BJT

Shanghai, December 18 (Gasgoo.com) China’s National Development and Reform Commission (NDRC) is considering cutting down the upcoming fuel tax rate after collecting suggestions of trading companies and pubic users, a trader was quoted by Dow Jones as saying yesterday.

In a meeting held yesterday, NDRC discussed the most appropriate fuel tax rate with state-owned oil trading companies, oil refiners from Shandong and some electric power plants

The trader said the government was expected to fix the adjusted rate of fuel tax by Dec. 24.

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