Print This Page Email This Page
Moves to Ensure Fuel Supplies Urged

The Ministry of Commerce has urged local commerce bureaus to set up and improve early warning systems for oil supplies even as filling stations across the country experience fuel shortages.

The latest move is part of efforts to stabilize domestic oil supplies and improve emergency measures to tackle any shortage.

The commerce bureaus should also urge local refineries to increase and rationally distribute fuel supplies, the ministry said in a notice over the weekend.

At the same time, the ministry called on China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec Group), the nation's two largest oil producers, to go all out to ensure fuel supplies.

Experts have said that the government should reform the oil pricing mechanism to reflect international levels and allow oil firms to transfer the cost to customers.

The fuel shortages have been eased to some extent after the price hikes earlier this month, but many regions still face tight diesel supply, the notice stated.

China raised the prices of gasoline, diesel and aviation kerosene by 500 yuan (US$67.6) per ton, almost a 10 percent rise, starting from this month.

(Xinhua News Agency November 26, 2007)

Related Stories
- China's Oil, Gas Pipelines Extend 62% over 4 Years
- Oil Price Hikes Ruled Out
- PetroChina Oil Reserves Revised up
- PetroChina to Build Oil Base in Xinjiang
- China Has Two Bln Tons of Oil Reserves

Print This Page Email This Page
Energy Plan Aims to Meet Rural Demand
Intellectual Life for Laborers
Toxic Pollution of Drinking Water to Face Heavy Fines
New Moms Need More Time to Breastfeed
China Approves Import of New Anti-AIDS Drug
New Rules for Civil Service Employers


Product Directory
China Search
Country Search
Hot Buys