{"id":10761,"date":"2007-01-13T20:46:30","date_gmt":"2007-01-14T03:46:30","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/01\/13\/china-slashes-domestic-fuel-prices-amid-dip-in-global-oil-costs-ap\/"},"modified":"2007-01-13T20:46:30","modified_gmt":"2007-01-14T03:46:30","slug":"china-slashes-domestic-fuel-prices-amid-dip-in-global-oil-costs-ap","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/01\/china-slashes-domestic-fuel-prices-amid-dip-in-global-oil-costs-ap\/","title":{"rendered":"China Slashes Domestic Fuel Prices Amid Dip in Global Oil Costs – AP"},"content":{"rendered":"
From AP:
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China has cut the price of domestic gasoline by about 4 percent and jet fuel by around 2 percent in response to a decline in world.<\/p>\n
China’s main planning agency, the State Development and Reform Commission(\u00c2\u00f5\u03a9\u00c2\u00c6\u2202\u00c2\u00e8\u00eb\u00ca\u00ee\u03c0\u00c2\u00df\u00ee\u00d4\u00ba\u00e2, said in a statement on its Web site Sunday that the price cuts were effective immediately…<\/p>\n
However crude oil has lost a third of its value since last summer, when the commodity’s eight-year bull market stumbled after briefly surpassing US$78 a barrel. In 1998, oil traded as low as US$10.35.[Full Text]<\/p><\/blockquote>\n