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China will allow a retail gasoline price rise of 6-7% on Tuesday, higher than expectations for...

China will allow a retail gasoline price rise of 6-7% on Tuesday, higher than expectations for about half that amount, and the largest increase in nearly 3 years. The hike should take some pressure off refiners who are getting squeezed between high oil prices and artificially low refined product prices. SNP +1.3%.
Comments (1)
  • But, but, it doesn't say anything about demand! Are they just raising prices to apparently fend off some kind of margin erosion in the refiners?? WTF?? So not really demand huh?

     

    Is that what we have been doing for the past two years?
    19 Mar 2012, 09:58 AM Reply Like
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