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Beijing cuts domestic fuel prices 0.6%
January 09, 2013
The Chinese government has lowered domestic jet fuel prices 0.6% to CNY7,389 ($1,173) per ton from CNY7,436 per ton as international fuel prices fluctuate. Fuel costs, which account for more than 40% of China’s big three carriers’ total operating expenses, contributed to sharp first-half profit...
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