Set as homepage  |  Add to Favorites
Navigation
News Center
Link
 
AAC Machine
AAC Plant
Probiotic Machine
News Center
 
China to cut gasoline, diesel prices
Date: 2011/10/9 Click: 1286
China will reduce retail prices for gasoline and diesel by 300 yuan (about 47 U.S. dollars) per tonne starting Oct. 9, the country's top economic planner said on Saturday.

The benchmark retail price of gasoline will be cut by 0.22 yuan per liter and diesel by 0.26 yuan per liter, according to the National Development and Reform Commission (NDRC).

The decrease marks the first fuel price reduction since June 1, 2010. Over the past 16 months, the NDRC has raised fuel prices four times following escalating global crude prices.

However, a gloomy outlook for the global economic recovery has dampened crude prices.

China's current oil pricing system was introduced in May 2009. The system gives the NDRC the right to adjust domestic fuel, diesel and gas prices when average prices for Brent, Cinta, and Dubai crude oil move by 4 percent within 22 consecutive working days.
Copyright © 2003-2013 Hopeland Chem-Tech Co., Ltd. All rights reserved.
Add.: Rm. B-1708, Taaffeite International Commerce Plaza, 4th Gaoxin Road, Xi'an City, Shaanxi Province, China
Postal Code: 710075
Cell phone: +86 135 7190 0119
Tel: +86 29 6296 0726
Fax: +86 29 6296 0725
Email: 85xianji@85xianji.com / icec0529@yahoo.com
Website: www.hopeland-cn.com


Web Stats: