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China: Consumer Council calls for oil profiteering investigation

By  |  February 8, 2015

The Consumer Council on Saturday urged the government to launch a study of the retail fuel market to examine whether oil companies had been profiteering, after it found that they had been slow to reduce prices.

“If we want to look at whether there is profiteering, or there are other factors leading to rising costs, we should have a new study,” Council chief executive Gilly Wong Fung-han said.

The watchdog yesterday released a report which found that the price of petrol at the pumps did not fall in line with sharp declines in the price of crude oil.

 

Full Content: South China Morning Post

 

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