China increases prices on domestic fuel for the first time in 10 months after producers Sinopec (SNP) and PetroChina (PTR) urged for the hikes to match the increased costs for international crude. The government in China faces an ongoing tug-of-war between its effort to keep inflation under control by setting energy prices low and keeping margins at state-owned refinery companies in positive territory.
China increases prices on domestic fuel for the first time in 10 months after producers Sinopec...
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