China May Raise Fuel Price If Crude Stays at $70, Says Energy Researcher

(Bloomberg) -- China's government may increase fuel
costs if the global crude price stays as high as $70 a barrel,
said an energy research fellow with the nation's top economic
planner.

``Otherwise refiners will suffer more losses,'' Jiang
Xinmin, an expert with the Energy Research Institute of the
National Development and Reform Commission, told reporters at
the sidelines of an oil conference in Shanghai June 30, without
elaborating.


Read more at Bloomberg Energy News