China retail gas, diesel prices to rise 1pc

China's new fuel pricing has a closer link to the cost of crude oil. Photo: Xinhua

China announced on Friday a small hike of a 100 yuan (HK$125.3) per tonne, or roughly 1 per cent, to its retail gasoline price ceiling and a 95 yuan increase to diesel, effective Saturday, largely offsetting a previous cut early this month.

Friday, 21 June, 2013, 7:45pm

New York City forced to ration petrol

People queue up for petrol in snowy Brooklyn. Photo: AFP

New York City began rationing petrol yesterday for the first time since the 1970s, in response to a persistent fuel crisis that has shuttered hundreds of fuel stations and forced desperate drivers to wait hours in line to fill their tanks.

10 Nov 2012 - 3:00am

New York City rations petrol purchases

Superstorm Sandy causes severe shortage of gasoline.

New York City rationed petrol Thursday in response to persistent shortages in the wake of superstorm Sandy.

Mayor Michael Bloomberg said that from 6:00 am (1100 GMT) Friday, only cars with license plates ending in odd numbers would be allowed to fill up on odd-numbered dates. Cars with plates ending in an even number or a zero will be eligible on even-numbered days.

9 Nov 2012 - 5:16am

Demand for Sinopec's chemicals still slow

Sinopec Shanghai Petrochemical, the demand for whose products tracks the mainland economy's strength, says first-quarter chemical demand remains lacklustre despite a slight improvement from the fourth quarter of last year.

11 Apr 2012 - 12:00am

Caltex knocks HK$1 off petrol prices

Caltex announced cuts in fuel prices effective from midnight last night. The prices of Gold Unleaded and Platinum Unleaded petrol were both cut HK$1 a litre, to HK$12.78 and HK$13.62, respectively. The cut was larger than the three price cuts introduced in November. A company spokesman said the move reflected the economic situation and efforts to increase the transparency of fuel prices.

15 Dec 2008 - 12:00am

Fuel debate

Officials found no evidence oil firms are quick to raise pump prices when oil costs rise, but slow to do the reverse when costs fall. Do you agree, or have you had a different experience at the petrol station? Write to us.

24 Oct 2008 - 12:00am

Petrol, diesel prices cut

More reductions in fuel costs may be on the way after Shell took the lead in cutting retail prices by up to 22 HK cents a litre at midnight. Motorists will today be charged HK$17.09 a litre for diesel, HK$16.19 and HK$17.04 for unleaded and premium petrol respectively. The reduction was announced by environment chief Edward Yau Tang-wah, who said he expected to see more cuts.

22 Aug 2008 - 12:00am

Sinopec misses target on refining throughput

Last year saw 0.3pc gap despite diesel shortage

China Petroleum and Chemical Corp (Sinopec), Asia's biggest oil refiner, missed its overall refining throughput target by 0.3 per cent last year despite widespread diesel shortages in the fourth quarter.

22 Jan 2008 - 12:00am

Customs seizes year's biggest haul of smuggled mainland fuel

Customs has made this year's biggest seizure of untaxed petrol, smuggled from the mainland by sea, as pump prices exceed HK$15 a litre - nearly three times the mainland price.

Officers arrested four men, seized about 60,000 litres of illegal fuel and impounded a tugboat and two trucks in the land and sea operation at Cha Kwo Ling on Wednesday night.

16 Nov 2007 - 12:00am

Lawmakers back HK$1 taxi fuel surcharge

Lawmakers unanimously endorsed a motion yesterday that urges the government to allow a fuel surcharge of HK$1 per trip to the taxi trade as fuel prices hit historical highs.

Three major political parties joined in rare unity in yesterday's Legislative Council transport panel meeting to clear the first hurdle in taxi drivers' call for a fuel surcharge.

31 Oct 2007 - 12:00am

Hoarding oil giants squeeze smaller rivals

Mainland oil giants PetroChina and China Petroleum & Chemical (Sinopec) have stopped supplying fuel to private distributors amid the peak summer season to ensure supply for their own petrol stations, according to industry executives.

4 Aug 2007 - 12:00am

Vapourless fuel wins petrol-sniffing war

It reduced scores of Aborigines to wheelchair-bound zombies, but the scourge of petrol sniffing appears to have at last receded thanks to the introduction of a non-sniffable fuel across Australia's central desert.

30 Mar 2007 - 12:00am

Oil rises on likely drop in US inventories

Crude rose in New York, snapping a three-day decline, on speculation that United States petrol inventories fell last week as the peak demand season approaches.

21 Mar 2007 - 12:00am

talk back

Q What do you think of the redevelopment plan for Peel and Graham streets?

The Urban Renewal Authority is about to wipe an entire economy out of existence along Graham and Peel streets and then offer to create a living museum with 'old brand' shops.

12 Mar 2007 - 12:00am

Petrol station that overcharged faces prosecution

The government is seeking legal advice from the Department of Justice on whether to prosecute a petrol station in Tuen Mun that overcharged customers.

Stephen Ip Shu-kwan, Secretary for Economic Development and Labour, said customs officers were collecting evidence about the case.

25 Jan 2007 - 12:00am