Beijing intervenes for second time to limit oil price rise
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China’s macro planner (NDRC) has limited oil price increases for the second time in a month. On April 7, the NDRC increased gasoline prices by RMB 420 to RMB 10,325 per metric ton.
Diesel rose RMB 400 to RMB 9,235 per metric ton.
That’s less than they should have risen under the government’s prici...