China lifts price of domestic oil products – Mure Dickie

from Financial Times (link)

China on Sunday announced its first rise in domestic oil product prices in eight months, but promised to soften the blow to farmers, fishermen and urban transportation companies with a new system of subsidies.

Refinery petrol prices were raised by Rmb300 ($37.36) a tonne and those for diesel by Rmb250 in order to “mitigate the serious inversion of the prices of crude oil and domestic oil products”, China’s National Development and Reform Commission said.

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