Categories
Energy & Environment

China hikes oil prices

Beijing raised the retail prices for petrol and diesel oil nationwide Saturday as crude oil prices reached US$60 a barrel on international markets Friday, state media reported, quoting government agencies. The wholesale prices for petrol and diesel oil were raised Saturday by 200 yuan (US$24.20) and 150 yuan a ton respectively to 4,100 yuan and 3,620 yuan, and retail prices were increased accordingly, said a Sinopec official. Retail oil prices had been cut by 0.1-0.15 yuan per liter a month ago following a 0.25-yuan hike March 24.

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading