China To Subsidize Refiners If Oil Prices Exceed $130 ...Middle East

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China To Subsidize Refiners If Oil Prices Exceed $130
source : OILPRICE ( Middle East ) () 13
China will provide subsidies to its oil refiners if international oil prices jump to over $130 per barrel as the world’s largest crude oil importer looks to ensure fuel supply and protect businesses and consumers from surging fuel prices. Should international benchmarks surge to $130 a barrel and stay there, the Chinese government will offer subsidies to refiners initially for two months, China’s Ministry of Finance said on Wednesday, as carried by Reuters. The subsidies will be calculated on the basis of the actual sales of diesel…

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