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Fuel tax to depend on oil prices: official
Updated: 2006-03-06 09:55
The government is still studying plans for a fuel tax, but conditions are not
right yet for rolling out such a measure, Xie Xuren, director of the State
Administration of Taxation, said yesterday.
Oil prices are still too high and whether the fuel tax will be rolled out
this year will mainly depend on the trend in oil prices, Xie told reporters on
the sidelines of the annual session of the National People's Congress (NPC).
He said the timetable of the fuel tax depends on many conditions, some of
which China has not met.
He said rolling out the measure would also require coordination among
government agencies that would have an interest in the matter.
China has been considering plans to introduce higher automobile taxes to push
buyers into choosing vehicles with smaller engines, in line with efforts to
improve energy conservation and fuel efficiency.
(Source: Shenzhen Daily/Agencies)
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