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China Daily | Updated: 2016-01-15 08:00
Floor price of refined oil
成品油地板价(chengpinyou diban jia )
The National Development and Reform Commission, China's top economic planner, announced on Wednesday that it is introducing a new pricing system that will set floor and ceiling prices for domestic refined oil products. According to the statement of the commission, the new pricing system will allow the price of domestic refined oil products to be adjusted within the range of $40 to $130 per barrel based on changes in the price of international crude oil.
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