In a surprising move, China reduced gasoline and diesel prices at the pump one week before imposing its much publicized increase in the fuel tax.
Xinhua reported that the “benchmark” retail price for fuel, presumably Grade 93 gasoline, was slashed approximately 14% from “6.37 yuan (0.93 U.S. dollar) per litre to 5.46 yuan.” The wholesale benchmark [...]
Fuel Taxes Up; Fuel Prices Down
December 19th, 2008 · No Comments
Tags: fuel prices