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Queues for fuel coupons

Car drivers in Beijing, fearful of rising oil prices, have been queuing to buy fuel coupons issued by the major oil companies, state media reported. The coupons represent the sale of a volume of fuel at current prices and are being seen as a way of beating potential future price rises amid continuing escalation of oil prices on international markets. However, Chinese officials and state owned oil companies quoted by the China Daily said that at present there were no plans to raise prices.

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