25 October 2010 10:47 [Source: ICIS news]
The gasoline price would be raised by yuan (CNY) 230/tonne ($35/tonne) while diesel price would be increased by CNY 220/tonne starting Tuesday, the source was quoted in a report by Chinese energy market intelligence service C1 Energy as saying.
(C1 Energy is a wholly owned subsidiary of CBI China, in which ICIS is in the process of increasing its ownership stake.)
However, China cut gasoline prices by yuan (CNY) 230/tonne at CNY7,190/tonne, while diesel prices went down by CNY220/tonne to CNY6,460/tonne on 1 June 2010.
John Chu from C1 Energy contributed to this article.
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