The Chinese government has cut domestic jet fuel prices to CNY7,932 ($1,257) per ton, down 1.6% from CNY8,061 per ton international fuel prices keep fluctuating. This is the second time the Chinese government has reduced domestic jet fuel prices this year. Beijing cut domestic fuel prices 3.8% to CNY7,360 per ton in January from CNY7,653 per ton in December. The Chinese government has raised fuel prices three times this year (ATW Daily News, April 6). Fuel costs comprise more than 40% ...

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