China: Inflation spurs fuel price cut

The cost of diesel and gasoline in China has been cut as part of government efforts to address inflation. Bloomberg, citing the country’s National Development and Reform Commission (NDRC), reports that wholesale gasoline and diesel prices have been lowered by Yuan 300 (US$47) a metric ton, effective immediately. The cut Subscribe to Automotive World to … Continued

• By Webmaster
• October 11, 2011