(EnergyAsia, February 6) — State planners are looking at launching a new formula to set the domestic price of oil products that will bring them more in line with international prices. The result of this “crude-plus” formula could be higher fuel prices for Chinese motorists and consumers in the future. China’s top economic agency,…
CHINA: New pricing formula could lead to higher fuel prices
Posted on February 6, 2007 by EnergyAsia