Analysts call for fuel oil tax

With the global crude oil price continuing to drop, some analysts said the time is ripe for China to introduce the long-discussed fuel oil tax.

"I believe it is right to introduce the tax while the international oil price is below $80 per barrel," said Zhang Peisen, a senior researcher with the Taxation Research Institute under the State Administration of Taxation.

Due to the global financial crisis, the international oil price fell below $80 per barrel this month. However, it hit a record high of $147 a barrel in July.