Wednesday, July 29, 2009

China's NDRC Cuts Fuel Prices

Special to Clean Skies News

SHANGHAI: China has cut its gasoline and diesel prices by about three percent each on Wednesday, despite recent rebounds in the international crude oil markets.

The latest adjustment is the sixth fuel price change the Chinese government made since it debuted a new pricing system at the beginning of this year. The new method roughly pegs China’s gas prices to the monthly average of global...

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