China to Remove Gas Price Curbs in Bid to Support Distributors
- NDRC said to have requested action on city rates by September
- Move likely to mean higher bills for residential gas consumers
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Natural gas distributors in Chinese cities are likely to raise prices for households as the government moves to support the companies by insisting they pass on more of the costs of imported fuel.
The National Development and Reform Commission, the country’s top economic planner, opened discussions in recent months with local authorities and major gas distributors to request they remove fixed household price caps by September, according to people with knowledge of the matter.