Others News
- China promises safe gasoline supply after price hikes
Date: 2-Nov-2007 Sources: (Xinhua Online)
BEIJING, Nov. 2 (Xinhua) -- The production of refined oil products in China is still meeting demand despite regional shortfalls triggered by rising international prices, a senior official with the National Development and Reform Commission (NDRC) said Friday.
Zhu Hongren, deputy director of the NDRC's economic performance bureau, said the government would closely monitor domestic refined oil markets and take effective measures to secure the supply of refined oil products.
The NDRC raised the prices of gasoline, diesel oil and aviation kerosene by 500 yuan per ton, almost a 10 percent rise, Monday, although it publicly announced in September the freezing of major consumer products to curb inflation.
The average retail price of gasoline now stands at 5,980 yuan per ton, that of diesel 5,520 yuan per ton. (One U.S. dollar equals to 7.46 yuan)
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