BIZCHINA / Backgrounder
China raises diesel oil price
(Xinhua)
Updated: 2005-05-10 16:12
China will raise the producer price of diesel oil by 150 yuan (US$18) per
ton from Tuesday, according to sources with a state authoritative
institution of China.
China raised the producer price of gasoline by 300 yuan (US$35) per ton
on March 23 due to soaring international crude oil prices.
To guarantee the demand for diesel oil used in agricultural production,
however, China resisted raising diesel oil prices.
As a result, the country has seen a tension between the supply and demand
of diesel oil in the past month.
(For more biz stories, please visit Industry Updates)
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