New oil-pricing regime still leaves out public
2007-02-08 10:09:55
The much hyped oil product pricing regime has finally been hammered out and gone into effect.
Chinese drivers face gasoline price hike
2007-02-01 11:06:01
China's rising number of motorists could be in line for sharp petrol price rises under a new state pricing scheme, dubbed the "crude price plus cost" method, for oil products.
Gasoline and jet fuel drop boosts stock mood
2007-01-16 10:13:13
A drop in the price of gasoline and jet fuel was widely seen in the stock market yesterday as a potential boost to profits of companies in the transportation sector.
Oil price cut, but not taxi fares
2007-01-15 14:15:11
Authorities won't cut taxi fares in Beijing, Shanghai and Guangzhou although China has just cut the retail and wholesale prices of oil.
Air China hamstrung by soaring oil price
2006-08-31 07:49:09
Due to soaring oil prices, the largest mainland carrier Air China posted a 22.5 per cent drop in net profits to 458 million yuan in the first half, compared with 591 million yuan a year ago.
Futures trade enhances oil price-fixing capacity
2006-08-25 11:51:15
Friday marks the two-year anniversary of fuel oil trade on the Shanghai Futures Exchange (SFE) and the increasingly brisk trade has led to the development of a price-fixing system based on supply and demand in China's fuel oil market.
China offers 8.48b yuan in oil price subsidies
2006-06-07 09:21:03
Vice Finance Minister Zhu Zhigang said on Tuesday that China has offered a total of 8.48 billion yuan (over US$1 billion) in subsidies to the country's disadvantaged communities, including grain growers, fishermen, and taxi drivers.
Oil price rise sparks mixed reaction
2006-03-28 05:40:41
There has been mixed reaction from taxi companies and drivers to the latest oil price rise, which took effect nationwide on Sunday.
Beijing starts taxi fare hike
2006-05-29 10:39:52
Beijing's first taxi fare hike in six years starts today, raising the price per kilometer after the four-kilometer base from 1.6 yuan (20 US cents) to 2 yuan (25 US cents).
Shanghai starts taxi fare hike
2006-05-12 07:24:52
S.China drivers fret after hike, diesel queues ease
2006-05-25 16:18:36
Shortages of diesel that have plagued southeast China in recent months are easing after a steep rise in state-set fuel costs this week, but grumbling drivers suggested demand could suffer.
Oil prices hit Chinese airlines
2006-05-23 09:33:34
Overall losses of China's civil aviation industry amounted to 1.34 billion yuan (167.5 million U.S. dollars) in the first quarter due to surging oil prices.