Energy price hikes unpopular but necessary

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August 2008


In a vast and gritty Shanghai truck yard, Chen Gan, 39, toils in stifling heat, performing routine maintenance on his truck. The atmosphere is grim.

The day before, on June 20, the National Development and Reform Commission (NDRC) raised domestic gasoline and diesel prices by 17% and 18% respectively. It was the first time prices had been allowed to rise since November, despite the soaring value of crude oil. The NDRC, which sets energy policy and prices, also capped the price of coal ...

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