Headline Details

Chinese state oil giants take petrol price battle to the pumps

Published on: Sun, 18 Jun 2017 23:06:23 UTC
News Agency: Reuters
Description:
LULIANG, China (Reuters) - Chinese state oil giants Sinopec and PetroChina are waging war at the nation's gas pumps, slashing prices at unprecedented rates in an effort to reclaim sales lost to private local and foreign rivals in the $440 billion retail fuel market.

Click here for FULL Story on Reuters

Also happening now

HeadlineNews Agency
Austrian coalition talks set to begin, far right likely partner Reuters
Zuma spokesman dismisses reports South African deputy president may be sacked Reuters
No trade talks but May wins gesture, warm words at EU summit Reuters
Raqqa to be part of decentralized Syria, say Kurdish-led militia Reuters
Russia says continues dialogue with Washington on North Korea, Iran: RIA Reuters