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Article: 1st Ld-Writethru: China cuts refined oil prices
- Article from:
- Xinhua News Agency
- Article date:
- January 14, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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1st Ld-Writethru: China cuts refined oil prices
BEIJING, Jan. 13 (Xinhua) -- China has decided to cut the price of
gasoline by 220 yuan (about 28 U.S. dollars) per ton as of Jan. 14,
the National Development and Reform Commission (NDRC) announced here
Saturday.
The factory price of kerosene for aviation will also drop by 90
yuan, the NDRC said in a circular released Saturday night.
The national development planner asked the two oil suppliers,
China National Petroleum Corporation and China Petroleum and Chemical
Corporation (Sinopec) to lower prices under the decision and
guarantee supply of processed oil to meet market demands.
This is the second time in recent five years for China to ...