Home>News Center>China
       
 

Tax rise may push up oil, gas prices in China
By Wang Ying (China Daily)
Updated: 2005-08-11 06:04

Increased tax on oil and gas exploitation, coupled with soaring crude prices, may lead to further price hikes for refined oil and natural gas, industry experts have said.

A taxi driver pushes his car forward while queuing for business before a shopping mall in Zhengzhou, capital of Central China's Henan Province, July 30, 2005. [newsphoto]
From July 1, crude oil exploitation tax rose 25 per cent to 300 per cent, while the tax on gas rose 40 per cent to 50 per cent.

The rises were based on reserves and exploitation facilities, according to a Tuesday notice on the website of the State Administration of Taxation.

But the taxation adjustment will have little impact on the country's oil and gas producers because of high profits from soaring crude prices, experts said.

Neither will it directly push up domestic refined oil prices, which are mainly determined by the world crude prices, said analysts.

"If crude prices remain at the current level or rise further, the government may consider increasing gasoline and diesel prices," said Huang Meilong, a chief analyst at the Shanghai Shenyin Wanguo Research and Consulting Co Ltd.

Natural gas prices are hard to predict because tax is only one of several factors, said Gong Jinshuang, a senior analyst with China National Petroleum Corp. Other factors include market supply and demand, and government concerns over stabilizing the economy, Gong said.

But Huang admitted that currently there is pressure for a rise in natural gas prices, which are still controlled by the government.



Chimpanzee suffers from smoking addiction
The tide is high but they're holding on
China, Russia military drills stage landing
  Today's Top News     Top China News
 

EU, China begin talks on textile row

 

   
 

Joint forces storm beaches at climax of drills

 

   
 

Taiwan students on mainland given level fees

 

   
 

Japan, China to jointly develop 4G mobile

 

   
 

China says market to decide yuan's value

 

   
 

CCTV sends record invitations for festival

 

   
  Temasek close to buying BOC stake - FT
   
  N. Korea nuclear talks likely as planned
   
  Japan, China to jointly develop 4G mobile
   
  Two bus accidents claim 33, injure 56
   
  NPC debates further raising tax threshold
   
  Farmers protest over alleged lead poisoning
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Thousands of firms being probed in UN-Iraq program
   
Terror worries push oil price towards $64
   
Ex-U.N. program director may face charges
   
Former UN procurement officer pleads guilty to taking bribes
   
Oil prices rally to new intraday high
   
China vulnerable to soaring oil price
   
Energy efficiency stressed
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 被农民工玩酥了的张小婷| 一级毛片免费视频网站| 深夜特黄a级毛片免费播放| 国产又色又爽又刺激视频| 丰满饥渴老女人hd| 欧美成人伊人十综合色| 全彩里番acg海贼王同人本子| 精品一久久香蕉国产二月| 大学生美女毛片免费视频| 中文精品久久久久国产网址| 欧美bbbbxxxx| 亚洲精品欧美精品中文字幕| 美女大黄三级视频在线观看| 国产性感美女在线观看| 888奇米影视| 好吊妞视频haodiaoniucom| 久久久久久青草大香综合精品| 欧美一级片观看| 亚洲精品免费在线| 精品午夜福利1000在线观看| 国产亚洲av手机在线观看| 亚洲欧美自拍明星换脸| 国模无码视频一区二区三区| 一级毛片一级片| 日本xxxx高清| 九九视频精品在线| 欧美日韩亚洲国产千人斩| 免费a级毛视频| 绝世名器np嗯嗯哦哦粗| 国产乱码在线观看| 91色视频网站| 国产精品亚洲综合天堂夜夜| WWW夜片内射视频日韩精品成人| 成人午夜视频网站| 久久久www免费人成精品| 日韩电影免费在线观看中文字幕 | 川上优最新中文字幕不卡| 久久久精品人妻无码专区不卡 | 新疆女人啪啪毛片| 久久精品亚洲一区二区三区浴池 | 精品国产乱码一区二区三区麻豆|