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K
ey benchmark swinging domestic
fuel price was continuing to rise
after prices of gasoline and diesel
were cut for three times in a row on July 11. The requirement to raise fuel price is reached four months later.
Analysts predicted that the gas and diesel prices are set to rise recently. According to Business News of China National Radio, crude oil price in Brent, Cinta and Dubai rose about 7 percent by Thursday when domestic gas and diesel might be increased 350 yuan per ton, which means popular-used octane 93 gas and octane 0 diesel would be raised by 0.3 yuan per litre. Off course, the gas and diesel prices in Shenyang will rise above 7 yuan mark with octane 93 gas and octane 0 diesel up to 7.2 yuan and 6.99 yuan.
"We've heard of such rumours but we have no idea about the timetable and size of the rise," a source with Sinopec Liaoning Branch told the Commercial Times. The official notice is traditionally issued at the very night to adjust fuel price. There are a lot of rumours on the hike but fuel price is unchanged, the source added, what they could only do is waiting before formal notice is released.
Local wholesale prices of gas and diesel are increased amid the strong expectation: octane 93 gas sales are curbed in Henan and Inner Mongolia. Although supply of the popular-used gas is still adequate in Shenyang, promotion launched by local gas stations is weakening.
Compared with the two energy giants, private fuelling stations are losing their strength in price.
Industry insiders said many retailers are waiting |
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