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China Increases Fuel Prices Second Time in Two Months

By: clo in FFFT | Recommend this post (0)
Tue, 20 Mar 12 1:16 PM | 36 view(s)
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China Increases Fuel Prices Second Time in Two Months

By Bloomberg News - Mar 19, 2012 11:35 PM ET

China, the worldâ€™s largest oil consumer after the U.S., increased gasoline and diesel prices for the second time in less than six weeks after crude gained last month the most in a year.

Prices will rise by 600 yuan ($95) a metric ton starting today after the three crude grades tracked by the National Development and Reform Commission climbed more than 10 percent, according to a statement on the planning agencyâ€™s website yesterday. Refiners will charge 7 percent more for gasoline and 7.8 percent more for diesel, the biggest price increases in more than two years, according to data compiled by Bloomberg.

more:
http://www.bloomberg.com/news/2012-03-19/china-to-increase-fuel-prices-second-time-in-two-months.html

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