SHANGHAI LIKELY TO ADJUST LIQUEFIED GAS EX-WORK PRICE

AsiaInfo Services
02-13-2009
Shanghai Likely to Adjust Liquefied Gas Ex-work Price

SHANGHAI, Feb 13, 2009 (SinoCast Daily Business Beat via COMTEX) -- Shanghai, an economic engine in east China, intends to adjust the liquefied gas ex-work pricing mechanism, after the local civil gas prices were lifted by nearly 20% in November 2008.

Ultimately, the city is expected to largely lower its liquefied gas wholesale price from CNY 5,650 per ton, but the liquefied gas retail pricing mechanism will likely not be adjusted temporarily. Presently, Shanghai fixes the retail liquefied gas prices at CNY 92 per 14.5 kilogram, and local retailers are permitted to sell liquefied …