Latest reforms from the NRDC. Bloomberg reporting

  • China to adopt regular fuel adjustment if oil between $40-$130 per barrel
  • may not raise fuel prices when global oil above $130 per barrel

Sometimes you have to wonder whether these guys are in the real world.

  • China to liberalize fuel prices at proper time
  • allows market based pricing for liquefied petroleum gas

I'd say this is all inflation related and a reluctance to acknowledge lower oil prices adding downward pressure.