Mid-month data from the Central Energy Fund points to major fuel price pain for diesel and petrol vehicle owners in June.
the daily snapshots are not predictive
The prices reflected in the under-recoveries exclude the government’s fuel price interventions from April 2022, which are expected to lapse at the end of the month. China’s industrial output and consumer spending hit the worst levels since the pandemic began, hurt by Covid lockdowns. The risk of an economic downturn amid price pressures and rising borrowing costs remains the major worry for markets.
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