China share prices up
Updated
Share prices in China have risen strongly after Thursday's sharp increase in fuel prices.
The government in Beijing raised the price of petrol and diesel by 18 per cent, leading to strong gains in the state-owned refinery sector.
Firms had been complaining of heavy losses, as they sold fuel at artifically low prices set by the government.
Many service stations went dry as small refineries closed down.
The government had been widely expected to delay the increase until after the August Olympics.
