Increase in charges of oil pipeline transportation to bring Petrochina RMB400mln

An officer of Petrochina (0857) said as China has increased charges for oil pipeline transportation, it will bring the company an annual income of RMB400mln. The company also said the State Development Planning Commission has increased charges for oil pipeline transportation by 1.5 HK cents each kilo meters to 7.4 HK cents each kilo meters with effect from Aug 1.

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