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China to control fuel prices
(Xinhua)
Updated: 2004-10-26 15:35 China will control domestic
fuel prices to protect consumers and investors from record high international
oil prices. The government will limit fluctuations in fuel prices to cushion
drivers and the transport industry from skyrocketing international oil prices.
China imported over 90 million tons of crude oil last year and this year is
expected to import even more. Officials from the National Development and Reform
Commission say China will increase oil stocks and balance distribution around
the country.
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