Fuel prices set to fall, but oil taxes rise again
By Wu Yiyao in Shanghai | China Daily | Updated: 2014-12-13 08:04
Revenue will finance moves to cut emissions, protect environment
Retail fuel prices are set to fall on Saturday, the National Development and Reform Commission said in a widely anticipated announcement, but drivers got bad news along with the good: the consumption tax on oil products will rise on the same day.
It will be the second tax hike in about two weeks.
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