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China Biodiesel International

  • BY: Andrew Hore |
  • POSTED: 19/06/2008 |

Higher diesel prices in China should be good news for China Biodiesel International.

China, which controls the prices that can be charged, says that it will raise domestic petrol and diesel prices by 17%-18%. CBI has been losing money on its biodiesel fuel sales because the price has been kept artificially low. It has increased sales to chemical companies and customers that pay higher prices and these now dominate its revenues, but it still supplies biodiesel to the consumer market.

The fuel price rise is the biggest in China for more than four years.

At 16.5p a share, CBI is valued at £7.49m.

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