China lowers fuel price caps
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Beijing is increasingly confident in its approach to weathering the Strait of Hormuz oil shock. The macro planner (NDRC) cut domestic refined fuel price ceilings in its June 4 update.
Gasoline price caps were cut by RMB 525 to RMB 9,640 per metric ton Diesel price ceilings were cut by RMB 505 to RM...