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Private fuel stations scramble as diesel supplies tank

(China Daily)

09:50, October 21, 2011

A worker fuels a vehicle at a service station in Huaibei, Anhui province. Private-sector gas stations are experiencing an unusually severe diesel shortage. Xie Zhengyi / For China Daily

SHANGHAI / BEIJING - Private-sector gas stations, which account for almost half of the nation's total, are experiencing a severe diesel shortage that won't pass quickly, analysts said.

Diesel shortages arise every September and October, the traditional peak months for diesel use, forcing private-sector gas stations to scour the country for supplies. But the shortfall is worse than usual this year.

The National Development and Reform Commission (NDRC), the country's top economic planner, said on Oct 8 that it would cut retail prices for gasoline and diesel by 300 yuan ($47) a ton. It's the first time the NDRC had revised the price of the refined oil product in 16 months.

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