Home / Business / Energy Tools: Save | Print | E-mail | Most Read
Oil producers to pay more windfall tax
Adjust font size:  ZoomIn ZoomOut

China will charge the nation's oil producers 60 billion yuan in taxes this year on their windfall from soaring crude prices.

 

That is 33 percent more than the 45 billion yuan Chinese oil producers paid last year, the National Development and Reform Commission (NDRC) said in a statement on its website yesterday.

 

Windfall tax payments reached 41 billion yuan in the first three quarters of 2007, the NDRC said.

 

China introduced the oil levy in March 2006 as crude prices advanced, charging oil producers the additional tax on each barrel of oil they sell for more than $40. Crude oil in New York climbed to a record $99.29 a barrel on November 21.

 

The government would use the windfall tax payments to subsidize refiners and other industries whose fuel costs have surged, the NDRC said. The government controls fuel prices to prevent inflation from accelerating. Refineries in China have been running at a loss after crude prices gained.

 

China paid 21 billion yuan of such subsidies last year and payments so far this year have reached 42 billion yuan, the NDRC said.

 

PetroChina Co, Sinopec and CNOOC Ltd are the nation's three biggest oil producers. PetroChina and Sinopec are also the nation's two biggest refiners.

 

(China Daily December 7, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username Password Anonymous
China Archives
Related >>
Most Viewed >>
- Gold futures jumps to daily limit upon debut
- Chinese economy in 2007
- Survey: B2B transaction volume up 25.5% in 2007
- Policy bank eyes rail project stake
- China Eastern not to ally with Air China

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 4444亚洲国产成人精品| 中文字幕乱码一区二区免费 | 中文字幕无码中文字幕有码| 暴力肉体进入hdxxxxx| 亚洲国产精品第一区二区| 狠狠躁夜夜躁人人爽天天天天97| 又大又湿又紧又爽a视频| 雪花飘影院手机版在线看| 国产成人无码免费看片软件| 天堂网在线资源www最新版| 国产麻豆free中文| 99精品无人区乱码在线观看| 小泽码利亚射射射| 三上悠亚精品二区在线观看| 无码免费一区二区三区免费播放| 久久精品国1国二国三| 最近2018中文字幕2019高清| 亚洲人成精品久久久久| 欧美牲交a欧美牲交aⅴ免费下载| 人与禽交另类网站视频| 秋葵视频在线观看在线下载| 午夜电影在线播放| 美女黄色毛片免费看| 国产一区二区在线视频| 这里是九九伊人| 国产午夜福利在线观看视频| 麻豆精品在线观看| 国产成人精品123区免费视频| 亚洲精品中文字幕无乱码麻豆| 国产精品视频一区二区三区四| 91色在线观看| 在厨房被强行侵犯中文字幕| 99精品欧美一区二区三区| 大学生美女特级毛片| canopen永久| 天天澡天天碰天天狠伊人五月| 一个人免费观看日本www视频| 娇BBB搡BBBB揉BBBB| 一级毛片免费观看不卡视频| 性高朝久久久久久久3小时| 中国china体内裑精亚洲日本|