BUSINESS › NEWS
China To Raise Fuel Prices
The National Development and Reform Commission (NDRC) said in a statement here that with the increase - the first this year - prices for gasoline and diesel would be raised by 0.15 yuan per litre and 0.17 yuan per litre respectively.
The economic planning body also said the increase comes as global oil prices rise due to extremely cold weather in North America and low oil supply from some oil-producing countries since mid-February.
The NDRC last adjusted retail prices of gasoline and diesel prices on Jan 10 this year with the price of gasoline cut by 125 yuan (US$20.40) per tonne, while the diesel price dropped by 120 yuan (US$19.58) per tonne.
Under China's current fuel pricing system, the NDRC can adjust gasoline and diesel prices when a basket of international oil prices change by more than four per cent over a period of 10 working days.
China has shortened the adjustment period for fuel prices to 10 working days from 22 days since March 2013.
news coverage in our Newswire service.
Previous Top Stories
Other News Headlines
- Zaid Ibrahim Withdraws From Kajang By-election- politic
- Malaysia Furniture Makers Urged To Win More Furniture Market Share As China Costs Rise- business
- TSG Need To Improve Further To Compete Against Best Teams In The World - Fazin- sports
- Handicraft Maker Immortalises Sarawak's Perahu Tambang- features
- China - Lawmakers, Political Advisers cross Fingers For Missing China-bound Plane- world
Most Read News
Pertubuhan Berita Nasional Malaysia,
Wisma BERNAMA,No 28, Jalan 1/65A,
Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.
Tel : 603-2693 9933 ( General Line )
E-mel : email@example.com
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution