BEIJING (AFX-ASIA) – China Aviation Oil Group Corp faces reduced profits, or even losses, in the next few months due to a recent government decision to further reduce the wholesale and retail prices of jet fuel aimed at helping domestic air carriers cut costs, the Shanghai Daily reported. The newspaper quoted the unnamed official as…
CHINA: China Aviation Oil profits hurt by further jet fuel price cuts Ð report
Posted on June 25, 2003 by EnergyAsia