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Commodities Briefing - Categorized | Price Watch, Trading more

New Chinese pricing mechanism likely to cut hoarding of oil products: traders

Posted on 28 March 2013

Chinese traders on Wednesday welcomed the government’s oil product pricing reforms, saying more frequent price adjustments would allow gasoline and gasoil supply in the domestic market to better match demand.
The National Development and Reform Commission said Tuesday that it was making changes to the way it sets regulated retail prices of oil products, mainly gasoline, gasoil and kerosene. Price changes will now be made every 10 days in line with crude oil price fluctuations………………………………………..Full Article: Source


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