Petrol and diesel price increases
The prices of petrol and diesel have just increased again inChina. The price of premium grade petrol is to exceed 8 yuanper liter in major cities.
It’s the early hours of Tuesday morning. The prices have been amended at this petrol station inBeijing. There’s a 44 cent-per-liter increase for premium grade petrol with an octane rating of 92, and a 47 cent-per-liter increase for petrol with a 95 octane rating.
The prices of petrol and diesel have increased by just over 500 yuan per ton. The petrol price hasexceeded 8-yuan-per-liter again since it dropped last June.
Before the midnight price change, many people were waiting to fuel up, hoping for cheaper petrol.
Of course I don’t want the petrol prices to rise, but there’s no choice. I’ll have to pay about 50 yuan more per month. It’s not a big amount of money for me, but still less is better.
It’s the seventh adjustment in petrol and diesel prices this year. Prices fell from May to July, andhave been increasing again since August but are still lower than the peak hit earlier this year. Analysts say the frequent price adjustments are a reflection of fluctuations in international crudeoil prices.