china to cut fuel prices for first time
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China to cut fuel prices for first time

Arab Today, arab today

Arab Today, arab today China to cut fuel prices for first time

Shanghai - AFP

China will cut state-set fuel prices for the first time since July, the government said yesterday, further easing inflationary pressure. The benchmark price for petrol will drop 3.5 percent to 8,530 yuan ($1,376) per ton while diesel will fall 3.7 percent to 7,720 yuan ($ 1,245) per tonne from Friday, the National Development and Reform Commission said. The cut will see petrol prices at the pump fall by 0.23 yuan per liter and diesel by 0.26 yuan per liter, in reflection of declining international crude prices, the top economic planning body said in a statement. The commission said international crude prices had trended down since it last raised domestic fuel prices in September, due to worries over the US economy and a slow recovery in the global economy. The agency can adjust fuel prices when international oil prices move by more than four percent over a 22-working day period. China is the world's second largest consumer of oil, but the government keeps a tight lid on domestic retail prices of fuel, in part to ease social discontent. China's inflation rate slipped to a nearly three-year low in October, leaving the authorities with room to take more steps to boost the recovery in the world's second-largest economy. The consumer price index rose 1.7 percent year-on-year in October, compared with an increase of 1.9 percent in September.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to cut fuel prices for first time china to cut fuel prices for first time

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to cut fuel prices for first time china to cut fuel prices for first time

 



GMT 09:32 2017 Monday ,13 February

Asian markets extend global rally on Trump relief

GMT 16:44 2016 Saturday ,11 June

Florida health warriors deploy in war on Zika

GMT 23:29 2016 Sunday ,18 December

DEWA receives emission reduction certificate

GMT 06:58 2016 Sunday ,25 September

Circle of Light Moscow int'l festival held in Russia

GMT 15:20 2017 Tuesday ,28 November

US sternly criticizes Romanian justice plans

GMT 10:57 2017 Monday ,18 December

Haftar describes Skhirat as expired agreement

GMT 20:12 2017 Saturday ,06 May

Truck-minivan crash kills 4, injures 5 in China

GMT 09:17 2017 Saturday ,16 December

Egyptian President meets Al Hariri

GMT 13:40 2016 Saturday ,19 November

Hidden portrait of Russia's last tsar revealed

GMT 15:22 2017 Sunday ,22 January

fifty lifts England to 321-8 in 3rd ODI

GMT 02:24 2017 Thursday ,05 October

Trump digs deep to defy Clinton momentum

GMT 16:08 2017 Tuesday ,28 February

Chinese Shares Fall on Monday

GMT 03:31 2017 Thursday ,02 February

Hamas forces break up electricity crisis protests

GMT 01:19 2017 Wednesday ,12 July

Woman rescued 3 days after Turkey quake
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday