Sent from BlackBerry® on phone network. Ronald's EmaiL -----Original Message----- From: MeLinda MeLisa <[email protected]> Sender: [email protected] Date: Thu, 7 Apr 2011 15:19:12 To: <[email protected]> Reply-To: [email protected] Subject: [StockForex] China Raises Gasoline And Tries To Slow Down The Economic China Raises Gasoline And Tries To Slow Down The Economic April 07, 2011 MarketCall.net - China said it will raise prices for gasoline and diesel fuel by around 5%, bowing to pressure from rising global crude-oil prices despite concerns about rising inflation in the world's second biggest economy. The increase, announced late Wednesday and effective from Thursday, is the fourth increase since October in fuel prices, which are controlled by the central government in China. The pace of price increases, however, has lagged behind increases in global crude oil prices, a trend that analysts said Beijing will likely maintain going forward to keep a lid on inflation pressures Gasoline retail prices will increase 500 yuan ($76.40) a metric ton, while diesel's retail prices will rise 400 yuan a ton, the National Development and Reform Commission, an economic planning agency, said in a statement. The move represents increases of 5.6% and 4.9% over the current average gasoline and diesel retail ceiling benchmarks. By comparison, a basket of crude oils that the NDRC tracks has rallied 14% since the last increase in February, according to an estimate by local energy information portal C1 Energy, which correctly reported the price moves ahead of the official announcement on Wednesday. The composition of the NDRC's basket isn't publicly revealed. After the move, the average gasoline and retail benchmark ceilings will be 9,380 yuan per ton and 8,530 yuan per ton respectively, according to Dow Jones Newswires calculations. The gasoline price works out roughly to the equivalent of around $3.90 per U.S. gallon. China's price moves demonstrate a difference of approach compared with South Korea—another major oil importer—where refiners recently announced cuts in domestic gasoline and diesel prices after coming under heavy pressure from the government, which is also worried about inflation and concerned about a lack of competition in the oil-product markets China continues to fight its growing inflation and tries to slow down the economic activity by raising its interest rate. Source : http://marketcall.net/ ------------------------------------ ## StockForex ## _________________ ::Forum:: All about Forex and Stock Trading ; all currency pairs. All Major World Indices, Asian Stock Index. and Individual/single stock. We're not goin' anywhere Well, it's all right here. Enjoy it !! :) _________________ http://finance.groups.yahoo.com/group/StockForex Yahoo! Groups Links ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
