Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

China raises petrol, diesel prices

by Staff Writers
Beijing (AFP) April 6, 2011
China raised wholesale petrol prices by 500 yuan ($76) per ton and diesel by 400 yuan a ton late Wednesday, the third rise since December in the world's second-largest fuel consuming nation.

The petrol hike marked about a 5.6 percent rise, while diesel rose 4.9 percent and was announced after Brent oil hit $123 for the first time since late 2008 as traders mulled the outlook for supplies amid unrest in Libya.

The rise would see the benchmark retail price of petrol increase by 0.37 yuan per litre and diesel by 0.34 yuan per litre starting Thursday, the National Development Reform Commission said in a statement.

In Beijing 93-octane petrol costs 7.45 yuan ($1.13) per litre.

China last increased petrol prices on February 22, after government-set fuel prices rose in in December, October and April.

Inflation has become Beijing's top economic concern as it struggles to keep a lid on rising costs of food and other key items to head off public unrest.

Consumer prices rose at a stubbornly high 4.9 per cent in February, unchanged from January, and above the government's annual inflation target of four percent.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

NATO 'careful' over air strikes, 'rebel' oil leaves Tobruk
Ajdabiya, Libya (AFP) April 6, 2011
NATO, accused of mission failure by Libyan rebels, admitted Wednesday it has to be "particularly careful" with its air strikes as government troops are using civilians as human shields, but vowed to do everything to protect civilians in Misrata. France pledged to open a sea corridor to the besieged Mediterranean port and a tanker left the port of Tobruk on Wednesday carrying the first consig ... read more

Facebook makes data centers greener and cheaper

Mekong Countries To Convene Additional Meeting On Xayaburi Project

Developing Commercial Hydrokinetic Energy Projects

New Zealand to slash emissions by half

US defence secretary holds talks with Saudi king

China, Russia 'lost' oil race in Libya: ex-minister

NATO 'careful' over air strikes, 'rebel' oil leaves Tobruk

China raises petrol, diesel prices

Manitoba wind farm comes online

Alstom Announces Commercial Operation Of First North American Wind Farms

Vestas unveils new offshore turbine

US hopes to resolve China wind turbine rift

BlueChip Energy Announces Development Of 40MW Solar Farm In Florida

Industry Analyst Predicts 50 Percent Drop In Solar Project Costs

SolarBridge Named 2011 Edison Best New Product Awards Gold Winner

Nanoparticles Improve Solar Collection Efficiency

IAEA may discuss revised mandate in June

History Of Nuclear Power Needs To Be Addressed

Brazil re-examines nuclear plant safety

Addressing The Nuclear Waste Issue

Economics, Physics Are Roadblocks For Mass-Scale Algae Biodiesel Production

Advance Toward Making Biodegradable Plastics From Waste Chicken Features

Short Rotation Energy Crops Could Help Meet UK's Renewable Energy Targets

Boeing Issues First Latin American Study On Jatropha Sustainability

What Future for Chang'e-2

China setting up new rocket production base

China's Tiangong-1 To Be Launched By Modified Long March II-F Rocket

China Expects To Launch Fifth Lunar Probe Chang'e-5 In 2017

Emissions Trading Does Not Cause Pollution Hot Spots

US Senate defeats bid to gut climate efforts

UN climate talks begin amid Kyoto Protocol feud

Are We Really Communicating Uncertain Climate Risks?

The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement