#CNPC experts call for reform of China's refined oil pricing scheme
![]() 1951 Thursday, 21 May, 2020, 16:30 Researchers at an energy think tank affiliated with China National Petroleum Corp (CNPC) are calling for the reform of China’s fuel pricing system by removing the floor price or allowing state companies to spend the money to boost oil output. China adjusts its retail fuel prices to reflect Brent crude oil prices between a band of $40 to $130 a barrel. When Brent prices are below $40 - they are currently at $36.52 - retail gasoline and diesel prices will not be cut lower by the state planner, even if oil prices drop further. |
Georgia has fully repaid its long-term debt to Russia, Armenia and Azerbaijan
356Yesterday, 12:46Brussels to propose sanctions against Israel as Gaza war escalates
51116.09.2025, 20:51Elon Musk just lost his title as world’s richest person
106910.09.2025, 19:36Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy
150607.09.2025, 23:46India’s Russian oil gains wiped out by Trump’s tariffs: #Reuters
176428.08.2025, 21:00India’s Russian oil gains wiped out by Trump’s tariffs
167427.08.2025, 20:24"If Putin doesn't stop the war, we'll start an economic war" - Trump
155827.08.2025, 13:18US imposes 50% tariffs on India for buying Russian oil
152327.08.2025, 13:00