The Chinese public transport operators will receive subsidies form the government as a measure to counterbalance the boom in oil prices, as China Daily reported, citing sources form the country’s Ministry of transport.
The Chinese government has decided to introduce a subsidy system which will become active should gasoline prices exceed $644 per ton or diesel oil price rises over $566 per ton. According to the authorities, if the oil prices do not rise above these levels the program will be d… (read more)