Results from a consecutive three-day survey on "the impact of the rising oil price on vehicle consumption," conducted by Xinhua Net, revealed that 57.6% of 5,000 respondents will give up their plans to purchase cars at the moment because of the rising oil price.
Last Friday, China rose the retail price of petrol and diesel by 18%, the first adjustment in oil price in 8 months and the largest increase in the price of China’s refined oil in history. As for the refined oil price in Beijing, the price of NO.93 oil increased from 5.34 yuan per liter to 6.2 yuan per liter; and NO.97 oil rose in price from 5.68 yuan per liter to 6.6 yuan per liter, nearly increasing by 1 yuan.
The rising price of oil has also affected people's choice of vehicle model. Among participating netizens, 57.6% prefer green, energy-efficient small cars over "oil tiger" SUV models. They think it is good to reduce fuel consumption and protect the environment.
Yu Ranze, a white collar worker who bought a new car recently, told reporters that she plans to go to work by bicycle, subway and bus; and just use her new car for travel on weekends. In this survey, over half of participating netizens revealed that they will minimize the use of their cars to save on fuel expenses.
By People's Daily Online
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