Scheme for Oil Comprehensive Price Readjustment

April 2006
China Chemical Reporter;4/16/2006, Vol. 17 Issue 11, p5
Trade Publication
The article reports on the increase in the prices of oil products since March 26, 2006 in China according to the National Development and Reform Commission. Moderate subsidies for vulnerable groups and public welfare sectors will be established. Also to be imposed is a special income compensation on oil producers that sell domestic crude oil. An explanation is provided on the rate of special income compensation and the calculated reduction amount.


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