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NDRC: Conditions not right for fuel cut

07-30-2010 18:02 BJT

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International crude oil prices might have been fluctuating lately, but China's top economic planning body says conditions still aren't right to adjust domestic fuel prices.

Under China's current pricing mechanism, the National Development and Reform Commission should consider changing fuel prices when the international crude price rises or falls by a daily average of 4 percent over 22 days.

That was reached four days ago, but the NDRC still hasn't taken action. Analysts say international oil prices are likely to rise in coming days.

Editor:Zhang Pengfei |Source: CNTV.CN

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