The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have fallen too far too fast. While the decision is widely expected to help state-run refiners to boost their margins, it is also expected to curb any rise in oil consumption at a time when Beijing is stepping up efforts to curb pollution by promoting the use of alternative fuels. “The move will help to ensure positive refining margins,” senior analyst at Platts China Oil Analytics James Lu said. The government suspended its regular oil products pricing adjustment due to the volatility in international crude prices. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation […]