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Thread: Why not lower the oil prices first?

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[quote=KEVIN0518,346370]China launched a scheme on fuel taxation and reform of the country's refined oil pricing mechanism to solicit public opinion in last few days. It is said that the government has received about 50 thousand pieces of advice or suggestions.

According to that scheme, six types of fees on road and waterway maintenance and management will be abolished. Meantime, it will raise the gasoline tax from the current 0.2 yuan per liter to one yuan and diesel tax from 0.1 yuan per liter to 0.8 yuan. Probably, it will take effect on January 1, 2009.

Well, the big concern for most people is "When will be the oil prices in China in line with the international market?" As we know, the oil prices recently has dropped greatly. Many people hope that China can lower the oil prices too. However, the government didn't react to this issue.

Now, an official in the Ministry of Finance says that the oil prices will decrease next year but the range of decline is narrow. It is estimated that the prices will decrease by 0.5 to 0.8 yuan.

Why can't the government lower the oil prices first? Why not keep the oil prices in line with the international markets?[/quote]

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