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China likely to raise refined oil price: analysts

Posted on 28 November 2013

China may raise the price of refined oil on Thursday, which would mark the seventh such increase within a year, industry analysts predicted. The upward adjustment of the refined oil price is predicted to be 100 yuan (16 U.S. dollars) per ton, analysts said.
“We expect the upward adjustment of the refined oil price to be 100 yuan per ton, which will raise the retail price of 93-octane gasoline by 0.1 yuan per liter, due to the high level of the moving average of a basket of crude oil prices,” said Li Hong, an analyst………………………………………..Full Article: Source


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