Text of report in English by official Chinese news agency Xinhua (New China News Agency)
[Xinhua: "1st Ld: China Approves Scheme on Fuel Taxation, Pricing"]
BEIJING, Dec. 18 (Xinhua) - China has approved a long-awaited scheme on fuel taxation and reform of the country's refined oil pricing mechanism, the country's economic planner said Thursday.
The State Council had decided to put the scheme into effect on Jan. 1, 2009, said the National Development and Reform Commission.
The country will annul six types of fees on road maintenance and management, and at the same time raise the gasoline consumption tax from the current 0.2 yuan each litre …