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China's fuel price rises on higher global oil costs
By Song Yingge |
August 19, 2016, Friday
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Online Edition
Online Edition
FUELING a car with a 50-liter tank costs about 7 yuan (US$1.1) more today as the National Development and Reform Commission raised the prices of refined oil in line with a rebound in global crude.
The ceiling retail price for 92-octane gasoline in Shanghai’s service stations is now 5.85 yuan per liter, up from 5.71 yuan, and 95-octane gasoline has risen to 6.23 yuan from 6.08 yuan. Zero-grade diesel sells at 5.45 yuan, up from 5.3 yuan.
Gasoline and diesel prices across China have been lifted by 175 yuan and 170 yuan per ton respectively.
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