The Chinese government has cut domestic jet fuel prices by 5% to CNY7,509 ($1,181) per ton as international fuel prices keep falling. This is the third time the Chinese government has reduced domestic jet fuel prices this year. Beijing cut domestic fuel prices 3.8% to CNY7,360 in January and 1.6% to CNY7,932 per ton in May. The Chinese government has raised fuel prices three times this year (ATW Daily News, April 6). Fuel costs comprise more than 40% of China’s big three ...

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