Briefly

Fuel retail prices to stay unchanged

China will not raise retail prices for gasoline and diesel in the next two months, even if international crude oil prices exceed $130 per barrel, the National Development and Reform Commission said on Wednesday. The price cap is meant to reduce burdens on downstream users and consumers while reducing operational costs of the real economy, the NDRC said. If the international crude oil price remains above $130 per barrel for more than two months, the government will clarify relevant policies and measures in advance.

Chinese-built grease plant sees progress

Construction of the second phase of a Chinese-built grease chemical project in Indonesia has started, following the completion of the first phase. The Grease Chemical Project of Sino Zone Industry Indonesia Co Ltd, being built by First Engineering of China Railway No 4 Engineering Group Co Ltd, is located in the KBN Cakung Bonded Area in Jakarta. As Indonesia is the world's largest palm oil producer, the plant will become one of its largest grease production bases upon completion.

China Daily