Videos | ? Latest |
|
? Feature | ? Sports | ? Your Videos |
China's top economic planner says the government will take measures to ease the negative impact the fuel price hike will have on transportation, taxies, among other public sectors. The National Development and Reform Commission also says the price adjustment will not exert too much influence on the stability of overall prices.
The National Development and Reform Commission says after the fuel price hike, fuel surcharges will be resumed among domestic flights. Prices for road passenger transport will also be adjusted under local governments' guidance. But the NDRC says railway, bus and rural road passenger transport will not cost more.
As for taxies, the NDRC says local governments will either raise taxi fares or collect fuel surcharges to ease the impacts of the price hike. Before those measures are put in place, local governments will continue to provide temporary subsidies to taxi drivers.
The central government will also give financial support to farmers, agriculture and some public sectors.
Meanwhile, the NDRC estimates the price hike will directly lead to an increase of November's Consumer Price Index by 0.12 percentage points. But it says the adjustment will not have a negative impact on overall prices.
And the top economic planner will strictly control ripple effects of the price hike to maintain stability of market prices. It's also pledging to enhance price supervision nationwide.