Domestic Fuel Prices Expected to Continue Fall

The price of petrol and diesel products sold at Chinese gas stations is likely to continue to fall again next month as the price of oil on global markets decreased by 5.28% from June 1 to June 10. If the price continues to fall or remains stable over the coming 2 weeks, the should mean that the drop in price will exceed the benchmark rate of a 4% change over 22 days, which the Chinese government has acknowledged as the ratio used to determine whether to adjust price of domestic fuel.

Source
China Securities Journal

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