tutor2u | China's petrol price floor

In the News

China's petrol price floor

Geoff Riley

6th March 2016

Fuel prices are plunging in many countries across the world but not in China where prices at the pumps are frozen when global crude oil prices dip below $40 a barrel. Perhaps the price floor is a mechanism for protecting the profits of China's leading state-owned petroleum companies?

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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