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Fuel prices will be adjusted every 10 days
Published on: 2008-12-17
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China will adjust benchmark fuel prices every 10 days 'at least' under a new price-setting system due to be implemented at the beginning of 2009, Thomson Financial News reported, citing from China Business News. The newspaper, citing an official, said prices will be adjusted in line with fluctuations in the price of crude oil on three different markets, including Brent. However, the official said that domestic retail fuel prices will not be allowed to fluctuate by more than 800 CNY in a single month or by more than 1,600 CNY over the course of three months.
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