Beijing retreats on fuel price promise
This is a discussion on Beijing retreats on fuel price promise within the China News forum, part of the Doing Business in China category; China warns that it will limit petrol, diesel and other fuel price increases when oil costs move above $80 a ...
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|May 8th, 2009, 11:20 PM||#2|
Join Date: Jun 2007
Re: Beijing retreats on fuel price promise
China took a step back from its promise to move towards more market-oriented domestic fuel prices, warning on Friday that Beijing would limit petrol, diesel and other fuel price increases when oil costs moved above $80 a barrel.
Oil traders said the long-awaited outline of China’s retail fuel pricing mechanism cast doubts on the actual reform and pointed to more government interference.
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