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Chinese Government Raises Fuel Prices by 10% (That's Good!)

Those prices are in Yuans per liter, I think. Fuel Subsidies Punish Virtue The Chinese government has recently decided to raise fuel prices by about 10%, the third increase in the past few months, following a 6-7% increase on June 1st, and a 3-5% increase in March. The stated goal is to bring the price of fuel in China closer to what the market price is. From a green point of view, this is good because subsidized fossil fuels only encourages waste, over-consumption, and the buying of vehicles that aren't fuel efficient. It also artificially reduces the competitiveness of technologies that aren't based on fossil fuels, slowing down their adop...

less than 221 day(s) - Friday July,03 2009 @ 09:18 PM
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