NDRC Up Adjusts Prices of Refined Oil on Sep 11

Source: National Development and Reform Commission, ChinaScope Financial (Data)

+       The National Development and Reform Commission (NDRC) announced on September 10 that prices of gasoline and diesel will increase by CNY 550 and CNY 540 per metric ton respectively on September 11.

+       The average retail price of 90 octane gasoline will rise by CNY 0.41 per liter, and that of 0 octane diesel will increase by CNY 0.46 per liter.

Yesterday’s adjustment of the NDRC benchmark oil price was the fourth and so far the largest price adjustment of 2012.

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