China is planning to lower wholesale aviation fuel prices as early as July, part...
SINGAPORE/BEIJING - China is planning to lower wholesale aviation fuel prices as early as July, part of Beijing’s pledge to reduce business costs in a slowing economy, said an oil industry executive and a spokeswoman with the Chinese aviation authority.
“This is part of the aviation authority’s response to the Cabinet’s call to help smaller businesses and consumers, as the economy is really slowing,” said the executive, who declined to be named due to company policy. The government will lower the fixed premiums previously set in the formulas, which are linked to prevailing Asian spot prices of jet fuel, as well as cut marketing and operational fees, said the executive.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff...
Read more »
Washington Post: DC mayor hits Trump's July Fourth plansWashington Mayor Muriel Bowser has spoken out against President Trump's proposed changes to this year's Fourth of July celebration in the nation's capital, saying she prefers the format remain the way it has been in years past, The Washington Post reports
Read more »
Trump’s plan to take over Fourth of July celebration opposed by D.C. mayorFireworks display on the Mall should remain as is, Mayor Muriel Bowser says
Read more »
Vodafone to roll out its 5G network in the UK this JulyInitially, seven cities will have access to the network.
Read more »
Perspective | Trump’s takeover of Fourth of July is all about his obsession with crowd countHe hasn’t forgotten the inauguration, so he wants to lay claim to a huge gathering that doesn’t belong to him.
Read more »
Trump's Plan For A 4th Of July Celebration Starring Himself Is Reportedly In The WorksThe takeover threatens to turn a nonpartisan national celebration on publicland into a Trump campaign rally
Read more »
Trump takes over Fourth of July celebration, changing its location and inserting himself into the programThe president’s starring role has the potential to turn what has long been a nonpartisan celebration of the nation’s founding into another version of a Trump campaign rally.
Read more »