Caixin
Mar 10, 2022 08:35 PM
BUSINESS

Transport Companies Prepare to Hike Fees as Surging Fuel Prices Bite

An employee on duty at a gas station in Nanchang,Jiangxi province, on March 3. Photo: VCG
An employee on duty at a gas station in Nanchang,Jiangxi province, on March 3. Photo: VCG

Multiple Chinese sectors ranging from transportation to fertilizer production are feeling the pinch of rising costs brought by a surge in gasoline prices, as costs of the fuel breached the 8-yuan threshold for the first time in 14 years after the latest oil price adjustment this month.

In Beijing this month, authorities raised the upper price limit for the most popular 92 RON gasoline to 8.05 yuan ($1.27) per liter, while the price of 95 RON gasoline was hiked to 8.56 yuan per liter, according to a statement (link in Chinese) from the city government.

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 China Biz Roundup: China Warns Not to Bet Against the Yuan
00:00
00:00/00:00