UPDATE 1-Independents ration fuels in China's Guangdong

Newswire

(Adds context, write through) BEIJING, April 28 (Reuters) - Independent petrol stations in China's Guangdong province are rationing fuels due to worsening losses as they pay higher costs and sell at lower government-set retail prices, Chinese industry officials said on Friday. These small operations, including some run by foreign firms and make up about 10 percent of the southern Guangdong market, China's top oil user by region, have faced cuts in fuel supply from state refiners, forcing ...

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