imageBEIJING: China will raise consumption tax on oil products from Tuesday, the Ministry of Finance said on Monday.

Consumption tax on gasoline, naphtha, solvents and lubricants will be raised 0.12 yuan per litre to 1.52 yuan ($0.245) per litre, while consumption tax on diesel, jet fuel and fuel oil will be raised by 0.10 yuan per litre to 1.2 yuan per litre ($0.193), the ministry said on its website.

Copyright Reuters, 2015

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