Price-based resource taxes on crude oil and natural gas will be extended from a few of the country's regions to the entire nation starting from November 1.

The reform of resource taxes will not impact China's domestic prices for oil and natural gas, the Ministry of Finance and the State Administration of Taxation said in a joint statement.

The domestic oil price is more likely to be influenced by global factors, including international speculation, the exchange rate of the U.S. dollar, and supply and demand in the global market, the statement said.

After the adjustments, price-based tax rates for oil and natural gas will also be between 5 and 10 percent, up from the previous 5 percent implemented in northwest China's Xinjiang Uygur Autonomous Region on June 1, 2010.