Oil pricing to come under reforms purview

China's top economic planning body is working closely with a number of government organizations to study the feasibility of reforming China's retail oil pricing mechanism and the introduction of fuel taxes.

The National Development and Reform Commission yesterday said on its website that its officials held a meeting to discuss the issue with representatives of some ministries and local governments.

An unnamed source said that the meeting took place on Tuesday, the same day that a senior researcher from the commission said the government was likely to levy a fuel tax soon.