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Is there a fuel subsidy in 2020?

1 Answers

DelXavier

07/29/25 8:22pm

2020 has a fuel subsidy. Here are the relevant details: Approved by the State Council, the Ministry of Finance, the Ministry of Industry and Information Technology, and the Ministry of Transport jointly issued a notice to adjust the refined oil price subsidy policy for urban buses starting from 2020. This adjustment aims to establish a new mechanism that encourages the use of new energy buses and restricts the growth of fuel-powered buses, promoting energy conservation and emission reduction in the public transport industry and contributing to air pollution control. Subsidy policy: The refined oil price subsidy policy for urban buses has been implemented since 2006. The current subsidy includes the subsidy generated during the 2008 reform of refined oil prices and tax fees by the State Council (referred to as the tax-for-fee subsidy) and the subsidy resulting from the rise in refined oil prices (referred to as the price increase subsidy).

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