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Sunday, 20 February 2011 - China raises gasoline, diesel prices
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    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World China raises gasoline, diesel prices AP - Saturday, February 19 Send IM Story Print BEIJING – China is raising its state-controlled gasoline and diesel prices as global oil prices continue to climb. The move is expected to be unpopular as citizens wrestle with rising prices for food and other items. Gasoline and diesel prices will go up 350 yuan ($53) per ton starting Sunday, according to a statement posted Saturday on the website of the National Development and Reform Commission. China's top economic planning body said that means a jump of 0.26 yuan (4 cents) per liter of gasoline and 0.3 yuan (5 cents) per liter of diesel. China last raised prices of gasoline and diesel in late December. Inflation rose to a 28-month high in November. The statement said key industries such as farming would continue to receive state subsidies that would reduce the impact of the fuel price hike on consumers, and that the cost of public transport would not go up. Instability in the Middle East has worried oil traders around the world and sent prices climbing. Crude closed at $89.71 per barrel Friday on the New York Mercantile Exchange. Recommend Send IM Story Print Related Articles G20 deal on economic indicators after China compromise AFP - 1 hour 23 minutes ago US-BUSINESS Summary Reuters - 2 hours 10 minutes ago G20 ministers fudge deal on imbalance indicators Reuters - 2 hours 10 minutes ago WRAPUP 5-G20 ministers fudge deal on imbalance indicators Reuters - 2 hours 13 minutes ago Sanctions better than debt brakes: ECB's Mersch Reuters - 2 hours 20 minutes ago News Search Top Stories Libyan regime hits back with deadly crackdown US House cuts $61 bn in spending, shutdown looms Barclays criticised over UK corporation tax bill Palestinians to make fresh UN anti-settlement bid Britain's Fergie 'not invited to royal wedding' More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Britain's Fergie 'not invited to royal wedding' Obama vows US will 'out-hustle' world Fewer big fish in the sea, say scientists Bahrain protesters shot as heir promises talks US House cuts $61 bn in spending, shutdown looms More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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