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Beijing increases the price of fuel 2-4%

Back in June, the Chinese government increased the price of gas by an astonishing 16.7-percent overnight in an effort to pass the increased price of oil to its consumers. Since then, the Olympics have come and gone and the city of Beijing has instituted measures to improve the city's air quality. Included in the city's efforts are higher taxes for large cars and lowered taxes for hybrids. The city is also attempting to limit the automotive traffic on its crowded city streets. Now, the city has again raised the price of both gasoline and diesel ... Read more →

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