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

Obama looks to salvage Asia ‘pivot’ as allies fret about China

04/16/2014 Matt Spetalnick and Manuel Mogato, Reuters

China growth slows as property fears rise

04/16/2014 Simon Denyer, Washington Post

As Credit Dries Up, Smaller Companies in China Feel the Pinch

04/16/2014 Keith Bradsher, New York Times

China economic growth slows to 18-month low in first-quarter

04/16/2014 Adam Rose and Xiaoyi Shao, Reuters

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