[MSL]

Fuel price drop in China

 Fuel price drop in China for the second time recently.

 The source of the good news: CCTV News

[toetapping]

I heard that on Australian news. That is good news for the Chinese. Many people in China own cars, would you say that there would be more cars in China than bicycle owners. I would think it would be quicker to get around in some cases on bicycles or scooters. 

Read more: http://wiki.answers.com/Q/Do_most_Chinese_own_cars#ixzz1xGMp9ksj


China Petroleum & Chemical Corp. (600028) and PetroChina Co. (857), the nation’s biggest refiners, face more losses from processing crude after the government cut fuel prices by the most since 2008 as global crude costs tumbled.

State-controlled retail gasoline prices fall by 530 yuan ($83) a metric ton and diesel by 510 yuan starting today, the National Development and Reform Commission, the nation’s top economic planner, said on its website yesterday. The cut is the steepest since the government’s current pricing system was introduced in December 2008.

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[SEO]

China Petroleum & Chemical Corp. (600028) and PetroChina Co. (857), the nation’s biggest refiners, face more losses from processing crude after the government cut fuel prices by the most since 2008 as global crude costs tumbled.

If it's true (I don't know and I don't want to search) then I would like to say: it's okay, because we need the people to have cheap oil, not the companies to have profits/losses. We support the people of China. If the people is benefited, then it's alright. The government did good for the people. Great government!

[MSL]

           

government cut fuel prices = GOOD!

 Government control = GOOD.

 More control, that's what we need!