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China speeds up imposition of new fuel tax

China has accelerated plans to impose a tax on gasoline, diesel and kerosene to encourage conservation amid surging oil imports.
Introduction of the long-planned tax had been postponed because the government said current oil prices were too high for the Chinese public to bear the added cost. But the government is worried about soaring fuel consumption and the threat of worsening air pollution in China's smoggy cities amid a boom in the number of private vehicles on the road.

Soaring demand for gasoline, diesel and kerosene will reach 230-250 million metric tons in 2020, up from 75 million tons in 2000.

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