BEIJING, Dec 30 (Reuters) - China will increase fuel consumption tax on leaded gasoline imports fivefold to 1.4 yuan per litre from Jan.1, the Finance Ministry said on Tuesday, effectively discouraging imports of more polluting motor fuel.
The ministry also raised the tax on other imported fuels in line with taxes on domestically produced fuels. But its tax rates on domestically produced fuels, published on Dec. 19, had not given separate rates for leaded and unleaded gasoline.
Under those rates, all domestic gasoline will be subject to a consumption tax of 1.0 yuan per litre.
($1=6.848 Yuan) Keywords: CHINA FUEL/ (Reporting by Niu Shuping, writing by Tom Miles; tom.miles@reuters.com; Reuters Messaging: tom.miles.reuters.com@reuters.net; +8610 6627 1200) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The ministry also raised the tax on other imported fuels in line with taxes on domestically produced fuels. But its tax rates on domestically produced fuels, published on Dec. 19, had not given separate rates for leaded and unleaded gasoline.
Under those rates, all domestic gasoline will be subject to a consumption tax of 1.0 yuan per litre.
($1=6.848 Yuan) Keywords: CHINA FUEL/ (Reporting by Niu Shuping, writing by Tom Miles; tom.miles@reuters.com; Reuters Messaging: tom.miles.reuters.com@reuters.net; +8610 6627 1200) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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