{"id":20990,"date":"2008-06-22T18:54:14","date_gmt":"2008-06-23T01:54:14","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=20990"},"modified":"2008-06-22T18:54:14","modified_gmt":"2008-06-23T01:54:14","slug":"china-raises-gasoline-and-diesel-prices","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/","title":{"rendered":"China Raises Gasoline and Diesel Prices"},"content":{"rendered":"

On Friday new retail prices for gasoline, diesel and jet fuel came into effect in China. From Asia Times<\/a>:<\/p>\n

The retail price for petrol was raised 16.7% to 6,980 yuan (US$1,014) a tonne, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\teffective on Friday, by the National Development and Reform Commission (NDRC), \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\twhich sets the mainland’s economic policy. The diesel price was raised by 18.1% to 6,520 yuan \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ta tonne and the wholesale price of jet fuel was pushed up 25.2% to 7,450 yuan a \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttonne. Retail electricity prices were raised by 0.025 yuan per kilowatt-hour, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\texcept for northwest China’s Xinjiang Uygur Autonomous Region and \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tearthquake-hit areas, from July 1.<\/p><\/blockquote>\n

News of the price increase in China might, however, make energy a little bit cheaper for the rest of the world.<\/p>\n

International oil prices fell sharply after the Chinese government announcement, with crude oil futures in New York falling 2% to US$133.97 a barrel by 11.30 pm (Hong Kong time) on Thursday, and falling further to $132.50 on Friday afternoon.<\/p><\/blockquote>\n

Though fuel in China is still dirt-cheap, the price hike caused turmoil in gas stations. The Guardian reports<\/a>:<\/p>\n

\n

At least one station told customers that it would shut for repairs until the price hike took effect at midnight, prompting an altercation between staff and angry motorists. “You guys make a huge profit and get high prices. We consumers are pitiful,” said a Shanghainese waiting to fill his Volkswagen Santana.<\/p><\/blockquote>\n

Al Jazeera also covered<\/a> the issue and summed up the main points in a short video clip<\/a>:<\/p>\n

<\/param><\/embed><\/object><\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday new retail prices for gasoline, diesel and jet fuel came into effect in China. From Asia Times: The retail price for petrol was raised 16.7% to 6,980 yuan (US$1,014) a tonne, effective on Friday, by the National Development and Reform Commission (NDRC), which sets the mainland’s economic policy. The diesel price was raised […]<\/p>\n","protected":false},"author":112,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[71,5179,1094,262],"class_list":["post-20990","post","type-post","status-publish","format-standard","hentry","category-economy","tag-energy","tag-gas-price","tag-inflation","tag-oil","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChina Raises Gasoline and Diesel Prices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Raises Gasoline and Diesel Prices\" \/>\n<meta property=\"og:description\" content=\"On Friday new retail prices for gasoline, diesel and jet fuel came into effect in China. From Asia Times: The retail price for petrol was raised 16.7% to 6,980 yuan (US$1,014) a tonne, effective on Friday, by the National Development and Reform Commission (NDRC), which sets the mainland’s economic policy. The diesel price was raised […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2008-06-23T01:54:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Manuel Riel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manuel Riel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\"},\"author\":{\"name\":\"Manuel Riel\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/cb1299a15ffa7d706addec8b25a23618\"},\"headline\":\"China Raises Gasoline and Diesel Prices\",\"datePublished\":\"2008-06-23T01:54:14+00:00\",\"dateModified\":\"2008-06-23T01:54:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"energy\",\"gas price\",\"inflation\",\"oil\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\",\"name\":\"China Raises Gasoline and Diesel Prices\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2008-06-23T01:54:14+00:00\",\"dateModified\":\"2008-06-23T01:54:14+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China Raises Gasoline and Diesel Prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/cb1299a15ffa7d706addec8b25a23618\",\"name\":\"Manuel Riel\",\"sameAs\":[\"http:\/\/biginshanghai.com\"],\"url\":\"https:\/\/chinadigitaltimes.net\/author\/manuel-riel\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China Raises Gasoline and Diesel Prices","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/","og_locale":"en_US","og_type":"article","og_title":"China Raises Gasoline and Diesel Prices","og_description":"On Friday new retail prices for gasoline, diesel and jet fuel came into effect in China. From Asia Times: The retail price for petrol was raised 16.7% to 6,980 yuan (US$1,014) a tonne, effective on Friday, by the National Development and Reform Commission (NDRC), which sets the mainland’s economic policy. The diesel price was raised […]","og_url":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2008-06-23T01:54:14+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Manuel Riel","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Manuel Riel","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/"},"author":{"name":"Manuel Riel","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/cb1299a15ffa7d706addec8b25a23618"},"headline":"China Raises Gasoline and Diesel Prices","datePublished":"2008-06-23T01:54:14+00:00","dateModified":"2008-06-23T01:54:14+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/"},"wordCount":243,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["energy","gas price","inflation","oil"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/","url":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/","name":"China Raises Gasoline and Diesel Prices","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2008-06-23T01:54:14+00:00","dateModified":"2008-06-23T01:54:14+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2008\/06\/china-raises-gasoline-and-diesel-prices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"China Raises Gasoline and Diesel Prices"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/cb1299a15ffa7d706addec8b25a23618","name":"Manuel Riel","sameAs":["http:\/\/biginshanghai.com"],"url":"https:\/\/chinadigitaltimes.net\/author\/manuel-riel\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/20990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/112"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=20990"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/20990\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=20990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=20990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=20990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}