NDRC to Fine-tune Fuel Pricing Mechanism

After several financial institutions criticized China's fuel pricing mechanism as ineffective, the National Development and Reform Commission (NDRC) has responded by calling the calculation methods of its critics “incorrect”. An official from the energy research department of the NDRC told a reporter with the 21st Century Business Herald, that the NDRC has finished evaluating the current fuel pricing mechanism and will make some adjustments to it.