Fuel oil tax in sight

CHENGDU: China will impose a fuel oil tax in the near future, Chen Deming, vice-chairman of the National Development and Reform Commission, said yesterday, without elaborating.

He also said the country is waiting for the right time to adjust its refined oil pricing mechanism.

Reform of the mechanism is closely tied to international oil price fluctuations but the government has to consider people's capacity to adapt to the changes, said Chen.