China to up fuel prices 6 to 7 percent; biggest hike in 33 months | CHINA US Focus

CHINA US Focus - Exclusive Analysis of the Politics, Economics, Military and Culture of China-US Relations.

FOLLOW US

China to up fuel prices 6 to 7 percent; biggest hike in 33 months

Jim Bai and Chen Aizhu, Reuters
March 19, 2012
Share on FacebookFACEBOOK
Share on TwitterTWITTER
WEIBO
GOOGLE+
China will raise retail gasoline and diesel prices by 6 percent to 7 percent from Tuesday, marking the biggest increase in 33 months, a move that will help refiners reduce heavy losses but is unlikely to hit demand in a big way.
 
Retail ceiling prices will rise 600 yuan ($95) per ton, oil company officials who received official notice of the change said. After the hike, diesel will be about $1.22 per liter and 90-octane gasoline $1.17.
 
Read Full Article HERE

Related Articles

Major changes underway for China’s workers

04/18/2014 Bruce Kennedy, CBS News

China Details Vast Extent of Soil Pollution

04/18/2014 Josh Chin and Brian Spegele, Wall Street Journal

Shares of Twitter-Like Weibo Surge on Opening Day, as China I.P.O.s Mount

04/18/2014 Michael J. De La Merced, New York Times

Strike at Nike, Adidas China Supplier Halts Output

04/18/2014 Dave McCombs, Bloomberg News

For China and Japan, the Economic Challenges Ahead Are Similar

04/17/2014 Bettina Wassener, New York Times

News by Date

April 2014
M T W T F S S
« Mar   May »
 123456
78910111213
14151617181920
21222324252627
282930  

Special Coverage

Sponsored Reports

This week in China-US Focus

Sign-up for e-mail newsletters and alerts and get the news you need delivered directly to your inbox.

Real Time Web Analytics