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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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Old May 8th, 2009, 11:10 PM   #1
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Default Beijing retreats on fuel price promise
China warns that it will limit petrol, diesel and other fuel price increases when oil costs move above $80 a barrel, a move oil traders say casts doubts on its vow of actual reform

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Old May 8th, 2009, 11:20 PM   #2
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Default 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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