Home / Business / Industries

Retail fuel price to remain stable

By LAN LAN | | Updated: 2013-04-10 17:28

China has decided to keep its retail fuel price stable for the coming 10 working days due to the small range of price increase, despite the new fuel pricing system entering its first adjustment period on Wednesday.

The new system launched in late March shortened China's fuel price adjustment period to 10 working days from the previous 22 days and removed the 4 percent limit.

The first adjustment will be postponed, because the fuel price adjustment was less than 50 yuan ($7.9) per ton. Such a small change would be carried over for consideration at the next adjustment, the National Development and Reform Commission, China's top economic planning agency, said on Wednesday.

The commission will post a notice on its website at 5 pm on each price adjustment day if there is an increase or decrease and if the adjustment range is lower than 50 yuan per ton, and if prices remain unchanged, the commission will post the information on its website at 3 pm on the day, it said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349