Bloomberg News

China May Increase Oil-Product Prices in Early December, C1 Says

November 15, 2011

Nov. 15 (Bloomberg) -- China may raise gasoline and diesel prices by 200 yuan to 300 yuan a metric ton in early December to reflect gains in crude prices, Liao Kaishun, a Guangzhou-based analyst with C1 Energy said today. Reforms to the nation’s current fuel-pricing mechanism probably won’t be introduced this year because inflation remains “high,” Liao said by telephone.

To contact the reporter on this story: Jing Yang in Shanghai at jyang251@bloomberg.net

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


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