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China oilies reap benefits of fuel pricing reform

CHINA'S top economic planners' move to alter the fuel pricing mechanism to better align it with international prices has been a blessing for the country's top refiners, allowing them to reduce refining losses and profit from crude processing for the first time in years. <b>By Gomati Jagadeesan</b>

China oilies reap benefits of fuel pricing reform

Asia's largest refiner China Petroleum & Chemical Corp (Sinopec) profited from crude processing for the first time in three years. It reported a 2.2 billion yuan operating profit from refining in the...

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