Bloomberg News

Time Not Right for China Fuel Price Reform, Sina.com Cites Zhang

March 17, 2012

Zhang Guobao, the former head of China’s National Energy Administration, said the time is not right to introduce fuel pricing reform due to high oil prices, Sina.com reported.

Under the new pricing mechanism, domestic fuel rates track crude prices more closely, so Chinese consumers would have to pay more, Zhang was cited as saying in the report.

To contact the reporter on this story: Bloomberg News at emailtv@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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