China raises gasoline and diesel price by 600 CNY per tonne

China raises gasoline and diesel price by 600 CNY per tonne
Jun 30, 2009 04:07
DREAMLIFE Points: Join Date: Sep 5, 2007 Status: offline	China has raised gasoline and diesel prices by 600 Yuan(about 87.8 U.S. dollars) per tonne as of June 30, according to the National Development and Reform Commission (NDRC). The price for gasoline was raised by 8.6%, or 045 Yuan per liter, and the price for diesel by 9.6%， about 0.51 Yuan per liter. This was the third price adjustment this year, which was in response of recent international oil price fluctuation uder China’s new oil pircing mechanism. Under the new pricing mechanism, China’s domestic oil prices are to be “indirectly linked” to global crude prices “in a controlled manner”.

Jun 30, 2009 04:07

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Join Date: Sep 5, 2007
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China has raised gasoline and diesel prices by 600 Yuan(about 87.8 U.S. dollars) per tonne as of June 30, according to the National Development and Reform Commission (NDRC).

The price for gasoline was raised by 8.6%, or 045 Yuan per liter, and the price for diesel by 9.6%， about 0.51 Yuan per liter. This was the third price adjustment this year, which was in response of recent international oil price fluctuation uder China’s new oil pircing mechanism. Under the new pricing mechanism, China’s domestic oil prices are to be “indirectly linked” to global crude prices “in a controlled manner”.

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