Oil Price Hike
China, one of the second oil consumer nation, seen unexpectedly petrol and diesel prices by at least 17 per cent and more power tariffs trains action energy, potentially at the origin of inflation.
The record price increase, the first since November, may facilitate the loss of refining in China Petroleum & Chemical Corp. and China Petrochemical Co. were forced to sell at a loss fuels. The company has increased shares in Hong Kong on trade.
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