China suspends oil price adjustment after two hikes

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BEIJING — China's top economic planner announced Friday that it will keep domestic retail oil prices unchanged as global oil prices have not fluctuated greatly in the past two weeks.  Under the current mechanism, prices of refined oil products are adjusted when crude prices change by more than 50 yuan ($7.5) per metric ton for gasoline and diesel over a period of 10 working days. Read more

China Daily