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Thread: Raising fuel prices, good or bad?
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[quote=JIMMYB,297728]Chinese government has done too much to stablize the oil prices. Before announcing to raise the oil prices, those refineries needed to buy crude oil at high prices but din't sell at market prices because the govenment set limits for the prices. So the consumers benefit because they needn't pay very high prices to buy oil. However, those refineries are losing money although the government give them subsidies. After raising the prices, the refineries suffer less losses. [/quote]
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