The tax expenditure on natural gas for residential use in China is forecasted to increase steadily from $2.08 billion in 2024 to $3.09 billion in 2028. This represents a year-on-year growth, demonstrating a rising trend from previous years. Notably, data for 2023 was not provided; therefore, year-on-year variations are based on forecasts starting from 2024. Over the five-year period, the compound annual growth rate (CAGR) reflects a consistent upward trajectory in tax expenditure.

Future trends to watch for include:

Potential regulatory changes affecting natural gas taxation.
Shifts in residential energy consumption patterns towards cleaner alternatives.
Influence of international energy markets on domestic pricing and tax policies.
Government initiatives aiming at promoting natural gas as a transitional energy source.