Popular gasolinecut by ￥0.34

三卡

Price  tag of  the octane  93  gasoline  
    has been  changed with below 7.00  
    yuan  early morning. The National Development  and Reform Commission  announced  price  reduction  of  gasoline  and diesel by 420 yuan each  ton  and 400 yuan each  ton.  In Shenyang, Sinopec  slashed octane 93 gas, most-used gas, by 0.34 yuan to 6.93  yuan  from 8.27  yuan,  a drop of 0.04 yuan more  than expected, with octane 97 gas down  to 7.39 yuan  from 7.75 yuan. And  the Sinopec  said  their  fuelling  stations in urban Shenyang  sell  the mostly-used gas by 6.83 yuan a  litre.  
        It was  the  fifth  time  that  the NDRC changed  fuel price  tag  and  a  consecutively third  price  reduction,  rarely  in  history  as the  fuel price declined  to  the  lowest  level in 2012.  
       The NDRC  raised most popular  gas price by 0.24 yuan  to 7.48 yuan per  litre on February 8; gas  and diesel prices were raised by 600 yuan per  ton on March 20, when  the gas hit pinnacle 7.96 yuan. But it was  slashed  for  three  times  in  straight on May 10,  June 10  and  July 10,  respectively - a  reduction  totaled 1.03 yuan.  
        It  could be wondered whether  there will  be  further  price  reduction  after  the 0.34  yuan  cut. But  some  industry  insiders said  gas price  could be  cut  in  future but within  limited extent.  
       A  local  insider  said  it was  the  first consecutive  three-time  cut  since  2009 when new  fuel pricing  rules were  released and  there  is narrow  room  for  further price reduction. But  the move  is naturally carried out when  a  tipping  pointed  has  been reached.