THE fuel tax reform draft, long-awaited by Chinese consumers, was f inally released at the endof 2008. But the combined effect of the reform itself and depreciation of f inished oil in the domestic market disap-pointed domestic consumers. THE fuel tax reform draft, long-awaited by Chinese consumers, was f inally released at the endof 2008. But the combined effect of the reform itself and depreciation of f inished oil in the domestic market disap-pointed domestic consumers.