China reduces oil prices three times within two months.

July 11, 2012 at 8:37 pm | Lanka C News.

China reduces oil prices three times within two months.


According to the foreign media reports, China, which is the most populated country of the world, and the world’s second largest oil consumer, has reduced the local oil prices by 5%.

This is the third time that the Chinese government has reduced the oil prices within the last two months.

These reports further say that, Chinese government has taken this step due to the decreasing of country’s fuel demand and the decreasing of fuel prices in the world market.

According to the foreign media reports, China, which is the most populated country of the world, and the world’s second largest oil consumer, has reduced the local oil prices by 5%.

This is the third time that the Chinese government has reduced the oil prices within the last two months.

These reports further say that, Chinese government has taken this step due to the decreasing of country’s fuel demand and the decreasing of fuel prices in the world market.

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