China raises jet fuel import duties

China’s Ministry of Finance released further details on new import tariffs for some oil products starting January 1, 2010. Temporary import duties for fuel oil will be raised to 3% from 1%, figures while temporary import duties for jet fuel will be increased to 6% from 1%. In announcements posted on its website, the ministry also said it would lower import duties on naphtha. (December 15, 2009)