China Raises Fuel Prices Amid Inflation Concerns
(Beijing) – China decided to increase the price of gasoline by 310 yuan per ton and diesel by 300 yuan per ton beginning December 22, despite increasing public concerns on inflation.
The price raise, which was announced on late December 21 by the National Development and Reform Commission (NDRC), is the fourth such price adjustment this year, following the latest hike announced on October 26 to increase gasoline and diesel prices by 230 yuan per ton and 220 yuan per ton, respectively. The NDRC also raised jet fuel prices by about 5 percent.
- Central Bank Cuts Benchmark Lending Rate
- A Passage to India
- Hike in Train Ticket Prices This Year 'Unlikely After All'
- Graphics: Sino-Australian Trade Deal
- Another Hebei Official Is Targeted by Corruption Investigators
- Closer Look: Gov't Wants Proactive Tax Policies, but Ends Up with a Problem
- China-U.S. Investment Treaty Would Strengthen Economic Relations
- Top Prosecutor's Office Plans New Body to Better Fight Corruption
- Exercise Caution
- Book: Living Karma: The Religious Practices of Ouyi Zhixu
- Sign up to receive our free daily newsletter
- Visa, MasterCard Confront China's Stacked Deck
- Chinese Developers' Projects in Malaysia Run into Series of Snags
- Is China Regressing to the Mean?
- Some Shanghai FTZ Reform Ideas Introduced to Rest of Country
- At Factory Waste Ponds, Fumes Choke Fantasies
- Closer Look: Why Shanghai-Hong Kong Stock Connect Was One-Way Road
- Alipay Will Do What Alibaba Couldn't, Jack Ma Says: List in China
- Graft Busters Find another Cash Pile, but Family Denies Corruption
- The Low Official Found with Towering Pile of Cash, Gold and Properties
- Gov't Gives Academics Failing Grade for Fraud in Research Funding