China to raise gasoline, diesel prices from Thursday

08:12, April 07, 2011      

Email | Print | Subscribe | Comments | Forum 

Vehicles wait to be refueled at a filling station in Wuhan, central China's Hubei Province, April 6, 2011. China will raise the pump price for petrol by 500 yuan (76.34 U.S. dollars) per tonne and that of diesel by 400 yuan per tonne as from April 7, 2011, the country's top economic planning agency said on Wednesday night. (Xinhua)

China will raise the retail prices for gasoline by 500 yuan (76.34 U.S. dollars) per tonne and diesel by 400 yuan per tonne starting Thursday, the country's top economic planner said on Wednesday.

After the implementation of the increase, which is the second price rise this year, the benchmark retail price of gasoline will be raised by 0.37 yuan per liter and diesel by 0.34 yuan per liter, the National Development and Reform Commission (NDRC) said.

Due to rising international crude oil prices and mounting domestic inflation pressures, the NDRC has "properly postponed" the timing of the rise in prices and has limited the increase, the statement said.

The agency said the government would provide subsidies to farmers, fishermen and public transportation systems in cities and offer temporary subsidies to taxi drivers to offset higher prices.

The Chinese government adopted an oil pricing mechanism at the start of 2009 which allows the NDRC to adjust retail fuel prices when international crude oil prices change by more than 4 percent over 22 straight working days.

As of Tuesday, the moving average crude oil prices of Brent, Dubai and Cinta have climbed 14.31 percent since China's last fuel price rise on February 20, according to data from, an online oil and gas market monitoring service.

【1】 【2】

Source: Xinhua
  Weekly review  


  • Do you have anything to say?


Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • Canada unveils collector coins honoring Prince William's wedding
  • China's top political advisor promises to boost cooperation with Western Australia
  • Inmates die in Lebanese prison riots
  • Bob Dylan kicks off his first-ever China concert in Beijing
  • Japan stops radioactive water leak
  • China, Kyrgyzstan vow to deepen trade, security cooperation
Hot Forum Dicussion