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Commodities Briefing - Categorized | Oil, Price Watch more

China to cut fuel prices after global oil declines

Posted on 15 January 2009

From Bloomberg: China, the world’s second-biggest energy user, cut fuel prices for the second time in a month to reflect the decline in global oil prices and reduce costs for factories as the economy slows.

The gasoline price will be reduced by 140 yuan ($20.5) a metric ton, or 2 percent, and diesel by 160 yuan a ton, or 3.2 percent, starting tomorrow, according to a statement by the National Development and Reform Commission today and the official Xinhua News Agency….. Full Article: Source


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