Chinese policy makers may decide to increase a refined oil consumption tax rather than impose a new fuel tax, as some market participants are expecting, official sources familiar with the issue told Reuters on Thursday.
The consumption tax, currently levied on seven refined oil products rather than just the retail staples of gasoline and diesel, is [...]
Chinese expert has called energy industry to make appropriate investment and wait for a right time to streamline energy prices, though the international oil price has fallen below 60 US dollar per barrel.
Han Wenke, director with Energy Research Institute of the National Development and Reform Commission, said that it is the right time to stimulate [...]
China is considering dropping jet fuel surcharges by the end of this year, Liu Shaocheng, director of the Civil Aviation Administration of China (CAAC)’s research department, said Wednesday, according to today’s National Business Daily.
Liu made the remark at the third China Aviation Leasing Summit, but he did not elaborate on the timing or degree of [...]
China plans to help its unprofitable airlines by lowering domestic fuel prices before the end of this year after oil prices tumbled 60 percent.
The National Development and Reform Commission, the country’s top planning agency, is reviewing a proposed cut, Liu Shaocheng, head of research for the Civil Aviation Administration of China, told reporters yesterday at [...]
China Petroleum and Chemical Corp, Asia’s biggest oil refiner, will reduce crude processing by 10 percent this month from July’s record as the nation’s economic slowdown cuts fuel demand, company officials said.
The state-owned refinery, which supplies more than half of China’s fuel, will process about 15 million tons a month, or 3.65 million barrels a [...]
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, will reduce crude processing by 10 percent in November from July’s record as the nation’s economic slowdown cuts fuel demand, company officials said.
The state-owned refinery, which supplies more than half of China’s fuel, will process about 15 million metric tons a month, or 3.65 million barrels [...]
