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No timetable for China's levy of fuel oil tax

CNOOC Ltd., China¡¯s largest offshore oil producer by output, said Friday its 2005 net profit rose 57 percent on soaring oil prices and strong output growth.
A gas station employee in Shanghai fills up a car next to a sign showing the newly raised prices. (Photo: China Daily)

    BEIJING, March 29 (Xinhua) -- An official with the Ministry of Finance (MOF) said Wednesday that there exists great difficulty in the levy of fuel oil tax. Full Story>>

High oil price lifts CNOOC's net profit

Pump prices of gasoline and diesel rose more than 5 percent in Shanghai yesterday.
A fuel station in Zhengzhou, central China's Henan Province, displays oil prices in this October 14 file photo. (Photo: China Daily)

    BEIJING, March 27 -- CNOOC Ltd., China¡¯s largest offshore oil producer by output, said Friday its 2005 net profit rose 57 percent on soaring oil prices and strong output growth. Full Story>>

Fuel prices jump to aid battered refiners

    BEIJING, March 27 -- Pump prices of gasoline and diesel rose more than 5 percent in Shanghai yesterday. Full Story>>

China raises retail prices of processed oil

    BEIJING, March 26 (Xinhua) -- China announced Sunday its decision to lift the prices of processed oil as of March 26 while setting up a mechanism to offer some subsidies to disadvantaged communities and public service sectors. Full Story>>

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