"Fuel tax and resource tax will not pose too much negative influence on oil companies, since most of their new burdens would be transferred to customers," said Cong Ming, director of Regulation and Policy Department of the State Administration of Taxation to Xinhua-run Shanghai Securities News.

   "Implementation of fuel tax will transfer toll fees to fuel prices, which will naturally drive up oil products price, but oil companies will not be negatively influenced," said Cong Ming.

    Oil companies would not make themselves lose profit either upon implementation of resources tax that would be levied on volume rather than on price, because they would pass their new burdens to end-users, believed Cong.

    Cong also pointed out that fuel tax was different from oil pricing system reform and they would not come out simultaneously.

   "Fuel tax is more urgent to China and financial and taxation departments are accelerating fuel tax plan," said Cong.