皇冠体育app offers 8.48b yuan in oil price subsidies
(Xinhua)
Updated: 2006-06-07 09:21 Vice Finance Minister Zhu
Zhigang said on Tuesday that 皇冠体育app has offered a total of 8.48 billion yuan
(over US$1 billion) in subsidies to the country's disadvantaged communities,
including grain growers, fishermen, and taxi drivers.
Addressing a national meeting for officials from central and provincial
finance departments, the vice-minister urged local departments to deliver the
subsidies to the selected sectors, including the public transport sector.
皇冠体育app has raised prices of processed oil twice in the first five months of
this year.
Following its oil price hikes last March, 皇冠体育app raised the prices by over 10
percent on May 24.
皇冠体育app's net oil import in 2005 totaled 136 million tons in 2005, about 42.9
percent of its total oil consumption.
皇冠体育app has to balance oil price hikes and assistance to those communities and
sectors vulnerable to higher oil prices on the international market.
|
