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Thread: Fuel prices in China rises 8%
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[quote=KEVIN0518,252991]From today, the oil prices have been raised 8% . This is NDRC's decision. To be more specific, the prices of gasoline, diesel oil and kerosene for airplanes will rise 500 yuan per ton. That means those motor owner will pay 0.4 to 0.46 more per litre for gasoline and diesel oil. The move aims to "reduce the gap between soaring global crude prices and domestic fuel prices." Due to this gap, those oil refiners suffer huge losses. Some even stock up the oil to avoid the loss. Some regions have got the problem of oil shortage. Surely, the oil prices increase will lift the CPI. The NDRC said that the CPI would be lifed by 0.5%. Whether it will bring some side effect or not is hard to see now. However, the NDRC said they would try their best to avoid the ripple effects on other products' prices.[/quote]
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