Latest News:  
Beijing   Sunny/Cloudy    11 / 2   City Forecast

People's Daily Online>>China Business

Fuel prices raised by 6.5-7%

By Zhou Yan (China Daily)

08:22, March 20, 2012

Vehicles queue to fill their tanks before the fuel price hike at midnight at a petrol station in Fuzhou, Fujian province March 19, 2012. (Photo/Xinhua)

China raised fuel prices for the second time this year, hiking gasoline and diesel by 6.5 percent to 7 percent effective on Tuesday, amid rising world crude oil prices and falling domestic inflation.

Prices went up by 600 yuan ($94.90) a metric ton, the biggest hike since June 2009.

The average gasoline price went up 6.5 percent to 9,980 yuan a metric ton, while diesel prices rose 7 percent to 9,130 yuan a metric ton.

Both prices are record highs.

China, the world's second-biggest oil user, raised fuel prices for the first time this year by 300 yuan a ton on Feb 8.

The prices are set in reference to a basket of crudes (Brent, Dubai and Cinta), which jumped more than 10 percent in the past 22 working days.

That surge laid the foundation for the hike, the National Development and Reform Commission (NDRC) said on Monday.

【1】 【2】 【3】

Email|Print|Comments(Editor:王莉莉)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Helicopter dispatched to SW China forest fire

  2. Bomb disposal team defuses hoax bomb in Shenzhen

  3. Warplanes conduct confrontation drilling

  4. British shop owner in Beijing’s hutong

Most Popular

Opinions

  1. Nuclear security cooperation
  2. Arms race will happen, but who to blame?
  3. Why China can't persuade N.Korea alone
  4. WTO's raw materials ruling reveals bias
  5. 21st Century classrooms needed for the future
  6. West's rare earth claim against China unreasonable
  7. Chinese economy vital for world
  8. How should China provide for seniors?
  9. Obama brings new trade case against China
  10. Giving is an aid to prosperity

What's happening in China

China's poorest counties named

  1. Smugglers target new ipads
  2. Insurers put under higher supervision
  3. Coal-rich city aims to become sunshine state
  4. Firm admits it sold dead ducks
  5. Synthetic drugs pose new challenge

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai