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Xinhua

China sets floor for retail fuel pricing

By OGMarket   Posted in Exploration Finance Headline News
Posted on January 14, 2016

BEIJING, Jan. 13 (Xinhua) — China will not cut its domestic retail fuel prices when international oil prices fall below 40 U.S. dollars a barrel, the country’s economic planner said on Wednesday. Previously, China set a ceiling for domestic retail fuel prices, which will not be raised if international oil prices rise above 130 U.S. …

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