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China: Consumer Council calls for oil profiteering investigation

By  |  February 8, 2015

The Consumer Council on Saturday urged the government to launch a study of the retail fuel market to examine whether oil companies had been profiteering, after it found that they had been slow to reduce prices.

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    “If we want to look at whether there is profiteering, or there are other factors leading to rising costs, we should have a new study,” Council chief executive Gilly Wong Fung-han said.

    The watchdog yesterday released a report which found that the price of petrol at the pumps did not fall in line with sharp declines in the price of crude oil.

     

    Full Content: South China Morning Post

     

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