CCTV.com - CNTV English - CCTV News

Other nations tackle rising oil prices

04-07-2011 10:29 BJT

Watch Video

Play Video

But China is not alone. Other countries, such as France and South Korea, are also being plagued by soaring oil prices. But while China is raising fuel prices, others are implementing measures to curb them.

The French government has decided it will freeze the rise of natural gas prices. An upper limit for electricity has been set and low-income families will be subsidized. Due to soaring international crude oil prices, France's energy prices were up 15 percent, and fuel prices jumped more than 17 percent in February. Now the country is considering levying a tax on the revenues of fuel retailers.

South Korea's government has opened the door for oil tax cuts, and pressured local refiners to slash their diesel and gas prices. Asia's fourth-largest economy is heavily dependent on energy imports, which has helped drive inflation to a 29-month high.

 

 

Editor:Zheng Limin |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program