Caixin
Mar 08, 2022 07:49 PM
BUSINESS

China’s Oil Prices Go Through the Roof as Ukraine Crisis Hits Home

A man refills a vehicle at a gas station in Nanjing, East China's Jiangsu province, on March 3. Photo: VCG
A man refills a vehicle at a gas station in Nanjing, East China's Jiangsu province, on March 3. Photo: VCG

Refined oil prices in China soared to near 10-year highs after international crude prices went through the roof in the wake of the Russia-Ukraine conflict.

On March 7, the real-time wholesale price of gasoline reached 10,306 yuan ($1,630) per ton on average, a 30% surge from Jan. 1, while diesel jumped 15.5% to 8,657 yuan per ton, figures from energy market information provider 315i.com showed. Both of the prices have touched a 10-year high.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Biz Roundup: China’s Covid Caseload Hits Six-Month High
00:00
00:00/00:00