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Ministry urges to tackles fuel price rise
(Xinhua)
Updated: 2006-03-28 13:27
China's Ministry of Communications has issued an urgent circular, asking
local communications authorities to adjust the mechanism of transport price
formation so as to follow the fuel price rise across the country.
In a circular made public on Sunday, the National Development and Reform
Commission, which regulates energy prices, said the producer prices of gasoline
will be raised by 300 yuan (37.5 U.S. dollars) per ton while that of diesel oil
will go up by 200 yuan per ton.
Considering the huge impact of the price hikes on the transport industry
sensitive to higher prices, the Ministry of Communications asked local
departments to quickly set up a new transport price mechanism that has closer
linkage with fuel price fluctuations.
Transport enterprises and passengers should share the cost brought by the
fuel price hike, the ministry said in the circular.
Fuel subsidies from the central government should be given to operators of
rural road passenger transport, the ministry said.
Local authorities should map out special quick-response schemes in advance so
as to prevent unexpected incidents involving mass participation, it
said.
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