China diesel traders factor in 10pct pump price rise

Newswire

By Chen Aizhu SINGAPORE, March 24 (Reuters) - China's wholesale diesel prices rose to fresh highs this week on speculation that Beijing's long-awaited price reforms would raise pump rates by about 10 percent, state oil officials said on Friday. The world's second-largest oil market is anxiously awaiting Beijing's decision to raise domestic fuel prices, which have been kept low despite soaring global costs. Anticipating a change soon, the wholesale price of diesel has climbed to ...

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