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China plans another cut in pump prices - the 3rd in 3 months - according to a report on...

  • Monday, July 9, 2012, 8:49 AM ET
    China plans another cut in pump prices - the 3rd in 3 months - according to a report on state-run TV. The reduction is expected to be 6.6-7.2%. Great for consumers, the news will not be welcome at the nation's beleaguered refiners (PTR, SNP), already producing fuel at a loss.
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    If fuel is dispensed at a loss in cn, where are the inefficiencies since gas is much more costly in the middle kingdom than in the USA
    10 Jul 2012, 02:26 AM Reply Like
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