Tuesday, April 25, 2017

Petrol price will rise in China

Petrol price will rise in China

The authorities of China will raise the retail price of motor fuel following the increase in oil prices, the agency said "Xinhua" citing a statement by the National Development and Reform Commission.

gasoline and diesel fuel prices will rise to 120 yuan ($ 18.46) and 115 yuan per ton, respectively.

From the beginning, the Chinese government raises the cost of fuel for the second time against the background of a moderate recovery of oil prices.

Under the current mechanism, the power adjusting domestic fuel prices, when changes in world oil prices more than 50 yuan for more than 10 days, with quotes ranging from $ 40 to $ 130 per barrel.



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