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.