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

U.S.-China Rivalry Simmers Underseas

08/27/2014 James T. Areddy, Wall Street Journal

Teenager Arrested in Killing of Imam in Western China

08/27/2014 Edward Wong, New York Times

China Is Awash in Grain Crops

08/27/2014 Isabella Steger, Wall Street Journal

In China, Foreign Firms’ Sweet Spot Turns Sour

08/26/2014 Andrew Browne, Wall Street Journal

News by Date

August 2014
M T W T F S S
« Jul   Sep »
 123
45678910
11121314151617
18192021222324
25262728293031

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