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TABLE-China retail gasoline, diesel price changes since 2003
UPDATE : 2009/8/4 14:15:34  CLICK : 1495

BEIJING, July 28 - China will cut retail gasoline and diesel prices by 220 yuan per tonne, or about 3 percent, from Wednesday, the National Development and Reform Commission said on Tuesday, to track falling global crude prices. [ID:nPEK204930]

The second modest cut this year was anticipated by market analysts after the 22-day moving average of global crude costs against which Chinese fuel is priced fell by more than 5 percent since Beijing's price increase on June 30.

NOTE. Rates from Dec. 19 for gasoline and diesel are average retail ceiling prices, so differ from previous retail guide prices which retailers can raise or lower by 8 percent.

Before Nov. 1, 2007, rates were for the southern province of Guangdong, the country's manufacturing hub and the largest oil consumer by province.

First prices are in yuan per tonnes. Prices in parentheses are in U.S. cents per litre. Date Product Change Pct Change New Price US Crude 2009 -------------------------------------------------------- July 29 Gasoline -220 -2.9 7,310 $68.30

Diesel -220 -3.2 6,570

(81.5) June 30 Gasoline +600 +8.7 7,530 $70

(81.5)

Diesel +600 +9.7 6,790

(84.5) June 1 Gasoline +400 +6.1 6,930 $66.64

(75)

Diesel +400 +6.9 6,190

(77) Mar 25 Gasoline +290 +4.6 6,530 $53

(71)

Diesel +180 +3.2 5,790

(72) Jan 15 Gasoline -140 -2.2 6,240 $39

(68)

Diesel -160 -2.8 5,610

(70) 2008 ----------------------------------------------------------- Dec 19 Gasoline -1160 -15.4 6,380 $40

(69)

Diesel -1270 -18.0 5,770

(71)

Jet~ -2400 -32 5,050 June 20* Gasoline +1000 +16.7 6,980 $136.68

Diesel +1000 +18.1 6,520 2007 ---------------------------------------------------------- Nov 1*** Gasoline +500 +9.1 5,980 $94.00

Diesel +500 +10.0 5,520 Jan 14 Gasoline -220 -3.8 5,515 $52.99 2006 ---------------------------------------------------------- May 24 Gasoline +500 +9.6 5,735 $70.44

Diesel +500 +11 5,040 March 26 Gasoline +250 +5.0 5,235 $64.26

Diesel +150 +3.4 4,540

Beijing-Mogas +460 +9.4 5,370

Beijing-Diesel +340 +7.9 4,665 2005 ---------------------------------------------------------- July 23 Gasoline +300 +6.4 4,975 $58.65

Diesel +250 +6.0 4,390 June 25 Gasoline +200 +4.5 4,675 $59.84

Diesel +150 +3.8 4,140 May 23 Gasoline -150 -3.2 4,475 $46.80 May 10 Diesel +150 +3.9 3,980 $52.07 March 23 Gasoline +300 +6.9 4,625 $53.81 2004 ---------------------------------------------------------- Aug 25 Gasoline +240 +5.9 4,325 $43.47

Diesel +220 +6.1 3,830 May 19 Diesel +280 +8.4 3,610 $41.50 March 31 Gasoline +300 +7.9 4,085 $35.76 2003 -------------------------------------------------------- Dec 8 Gasoline +200 +5.6 3,795 $32.10

Diesel +180 +5.7 3,330 July 1 Gasoline +90 3,595** $30.40 May 12 Gasoline -290 -7.7 3,474 $27.35

Diesel -260 -7.6 3,143 Feb 11 Gasoline +190 +5.3 3,764 $35.44

Diesel +170 +5.3 3,403 Jan 1 Gasoline 3,574 $31.20

Diesel 3,233

* The June 20 prices given are reached by updating nationwide averages given by the NDRC last November.

** Prices between May and July 2003 are adjusted slightly to make uniform throughout the country and due to rounding.

*** Prices for Nov. 1, 2007, are nationwide averages.

~ Dec. 19 rate for jet kerosene is ex-refinery and so differs from previous retail guide price.

Sources: National Development and Reform Commission, oil companies, industry sources.

 
 
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