Economic Planners Have Option of Adjusting Domestic Fuel Prices
Published:
2011-03-22
With recent fluctuations in international crude oil prices exceeding the The National Development and Reform Commission's approximate 4% limit, the economic planning body has an opportunity to adjust domestic prices at the pump. However, according to some analysts, given the concern among economic planners with inflationary pressures, the chance of a price hike is low. According to NDRC custom, if international prices change by over 4% over 22 working days, they'll consider adjusting prices. China last raised domestic fuel prices on Feb 21.
Source
China Business News
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
Popular
- Japan Earthquake:To Stay or to Go?
- Tourists are leaving, and the trend spread to longer-term residents of the country.
Interactive
What Chinese officials think about government transparency.
Multimedia
Take a look back at some of the most important news events that helped shape China in 2010
E-paper
|
- EEO.COM.CN The Economic Observer Online
- Bldg 7A, Xinghua Dongli, Dongcheng District
- Beijing 100013
- Phone: +86 (10) 6420 9024
- Copyright The Economic Observer Online 2001-2011