Oil Prices to be Adjusted Automatically Every 10 Days

By The Beijing Times
Published: 2010-12-03

A reporter with the Beijing Times learned from an anonymous source that the proposed new pricing mechanism of product oil will shorten the adjustment term from 22 days to around 10 days. The adjustment will take place automatically, without preapproval by the government. This proposal has been reported to the State Council.

Source
The Beijing Times

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