Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time:Jul 10 2018 10:20AM
China to raise retail prices of gasoline, diesel
Text size
BEIJING, (Xinhua) -- China will raise the retail prices of gasoline and diesel from Tuesday, after two price cuts in a row in June, the country's top economic planner announced Monday.
Due to rises in international oil prices, the retail prices of gasoline and diesel will be raised by 270 yuan (40.67 U.S. dollars) and 260 yuan per tonne, respectively, the National Development and Reform Commission (NDRC) said in a statement.

Under the current pricing mechanism, prices of refined oil products are adjusted when international crude oil price changes translate into a change of no less than 50 yuan per tonne for gasoline and diesel prices within a period of 10 working days.

Over the past two weeks, international oil prices rose mainly due to short supply and geopolitical risks, according to the price monitoring center of the NDRC.

The commission has asked major Chinese oil companies to ensure stable supply and strictly implement the pricing policy.
Related Articles
China's central bank continues to inject liquidity into market
Chinese banks see net forex purchase in H1
China remains ASEAN's largest trade partner for ninth year
Consumer spending to sustain momentum
IMF forecasts 6.6% growth for China
1st LD-Writethru: China's fixed-asset investment up 6 pct in H1
China's GDP grows 6.8 pct in H1
China FDI volume grows in first half of 2018
Beijing, Shanghai among top 10 cities for future GDP
China's qualified registered trademarks hit 16.8 million
Brief analysis of annual reports of some listed companies ...
Nylon and polyester markets in reverse trend

浙公网安备 33010902000742号