China to shorten oil pricing period

Xinhua | Updated: 2013-03-27 14:18

BEIJING -- China will adjust prices of oil products every 10 working days to better reflect changes in the global oil markets, the National Development and Reform Commission said Wednesday.

Previously domestic fuel prices were adjusted when crude oil prices in Brent, Dubai and Cinta changed by more than 4 percent over 22 working days.

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