UPDATE 2-China says fuel reforms will cut burden on consumers

Newswire

(Adds details on tax reform) By Jim Bai BEIJING, Nov 27 (Reuters) - China's top economic planner on Thursday gave a glimpse of plans to reform fuel tax and pricing, saying the reforms would be based on an existing, broadly-based energy tax and consumers would end up paying less. Motorists and oil traders have been itching to know how far China will go in tearing up its state-controlled prices for gasoline and diesel and introducing a market-based system to take the pressure off oil ...

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