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China raises 5% jet fuel prices

Beijing, China - Through a State-run CAOSC move

The Chinese monopoly jet fuel distributor, CAOSC (China Aviation Oil Supply Corporation), raised fuel prices by 300 yuan (USD 37.64) a tonne, equivalent to 5% more, to trim losses suffered because of State refiners cuts in production to boost diesel, which forced the company to increase imports. The new pricing system, approved by the National Development & Reform Commission, uses weighted average...

AVIONEWS - World Aeronautical Press Agency - 146260
Rome, Italy, 08/02/2006 18:59
AVIONEWS - World Aeronautical Press Agency

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