UPDATE 1-China to relax fuel prices when oil below $130/bbl

Newswire

(Adds details, newspaper report) By Eadie Chen BEIJING, Nov 28 (Reuters) - China plans to relax controls on fuel prices as long as crude oil stays below $130 a barrel and ease curbs on refiners under a long-awaited reform plan, an official source familiar with the issue said on Friday. The source confirmed a report in the official Shanghai Securities News, which quoted unnamed sources as saying that when crude was below $80 a barrel, refiners would be able to set fuel prices in line ...

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