No timetable for China's levy of fuel oil tax

A gas station employee in Shanghai fills up a car next to a sign showing the newly raised prices. (Photo: China Daily)

    BEIJING, March 30 (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>>

China raises fuel surcharge for domestic air travels

    BEIJING, March 30 (Xinhua) -- China will raise its railway cargo fee and fuel surcharge for domestic air travel. Due to price fluctuations of kerosene, fuel surcharges will be boosted to 30 yuan from 20 yuan for domestic air travel below 800 kilometers and from 40 to 60 yuan for travels above 800 kilometers. Full Story>>

High oil price lifts CNOOC's net profit

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>>