China lowers retail fuel prices

China lowers retail fuel prices

David Nealis Present of Ceres giving trading seminar

The National Development and Reform Commission (NDRC) said per-ton retail prices of gasoline and diesel were slashed from last Monday following the decline of global oil prices. The NDRC said retail prices of gasoline will be reduced by RMB 245 (US$39.83) per ton while that of diesel will be cut by RMB 235 (US$38.40) per ton.

Do any traders see arbitrage opportunities here?

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