TABLE-China retail gasoline, diesel prices since 2003

Wed Apr 24, 2013 10:33am BST

Quotes

   

(Adds latest price change effective April 25)
    BEIJING, April 24 (Reuters) - China announced on Wednesday a cut to retail
ceiling prices of gasoline by 395 yuan per tonne ($63.9) and diesel by 400 yuan,
effective Thursday, the first price change under a new pricing system launched
in March that has a closer link to the cost of crude oil. 
    The price cut, the second in less than a month, represents a reduction of
about 4.2 percent on gasoline and 4.7 percent on diesel. 
    The following shows a history of China's fuel price changes since 2003, with
prices starting 2009 are retail ceilings -- companies allowed to charge lower
than that but not above.
    Gasoline prices are of benchmark 90-octane prices though most of the grades
sold in Chinese cities are of 93-octane or higher. 
    The new prices in the table are mostly national averages. Each Chinese
province has slightly varying ceiling prices.  
    (First prices are in yuan per tonnes. Prices in parentheses are in U.S.
cents per litre. WTI and Brent are in U.S. dollar per barrel.) 
Date          Product    Change  Pct Change   New Price  WTI     BRENT 
------------------------------------------------------------------------
2013
April 25      Gasoline   -395      -4.2       8,925      89.82   101.00
                                              (106)
              Diesel     -400      -4.7       8,110
                                              (111)
March 27      Gasoline   -310      -3.2       9,320      92.76   111.87
                                              (111)
              Diesel     -300      -3.4       8,510  
                                              (116)
Feb 25        Gasoline   +300      +3.2       9,630      93.1   113.3
                                              (114.5)
              Diesel     +290      +3.4       8,810     
                                              (120)
2012
Nov 16        Gasoline   -310      -3.2       9,330     86.4    109.8 
                                              (111)
              Diesel     -300      -3.4       8,520    
                                              (116)
Sept 11       Gasoline    +550      +6.0       9640       96.5     115   
                                              (112)
              Diesel     +540      +6.5       8820
                                              (117)
Aug 10        Gasoline   +390      +4.5       9090       93.3     112.1
                                              (106)
              Diesel     +370      +4.7       8280
                                              (110)
July 11       Gasoline   -420      -4.6       8700       85.6      99.3
                                              (101)
              Diesel     -400      -4.8       7910 
                                              (105)
June 9        Gasoline   -530      -5.5       9,120      82.2      97.6
                                              (106)
              Diesel     -510      -5.8       8,310
                                              (111)
May 10        Gasoline   -330      -3.3       9,650      96.4     112.1
                                              (113)    
              Diesel     -310      -3.4       8,820    
                                              (118)
March 20      Gasoline   +600      +6.4       9,980     106.77   125.17
                                              (117)        
              Diesel     +600      +7.0       9,130
                                              (122)
Feb 8         Gasoline   +300      +3.3       9,380      96.30   116.33
                                              (106)
              Diesel     +300      +3.6       8,530
                                              (111)  
-----------------------------------------------------------------------    
2011 
Oct 9         Gasoline   -300      -3.2       9,080      82.98   105.88
                                              (105)
              Diesel     -300      -3.5       8,230   
                                              (109)
April 7       Gasoline   +500      +5.6       9,380      108.5   122.5
                                              (106)
              Diesel     +400      +4.9       8,530 
                                              (111)
Feb 20        Gasoline   +350      4.1        8,880      86.2    102.5 
                                              (100) 
              Diesel     +350      4.5        8,130 
                                              (105) 
------------------------------------------------------------------------ 
2010 
Dec 22        Gasoline    +310      +3.8       8,530     $89.6 
                                               (94.8)  
              Diesel      +300      +4.0       7,780 
                                               (99.0) 
Oct 26        Gasoline    +230      +2.9       8,220     $83.9 
                                               (91.4) 
              Diesel      +220      +3.0       7,480 
                                               (95.2) 
June 1        Gasoline    -230      -2.8       7,990     $74.5 
                                               (86.6) 
              Diesel      -220      -2.9       7,260 
                                                (90.1) 
Apr 14        Gasoline    +320      +4.1       8,220     $84.3 
                                               (89.1) 
              Diesel      +320      +4.5       7,480  
                                              (92.8) 
----------------------------------------------------------------
2009 
Nov 10        Gasoline    +480      +6.5       7,900    $78.4 
                                              (83.4) 
              Diesel      +480      +7.2       7,160 
                                              (88.8) 
Sept 30       Gasoline    -190      -2.5       7,420    $66.8 
                                               (80.4) 
              Diesel      -190      -2.8       6,680  
                                               (82.9) 
Sept 2        Gasoline    +300      +4.0       7,610    $70.4 
                                               (82.5) 
              Diesel      +300      +4.6        6,870 
                                               (85.2) 
July 29       Gasoline    -220      -2.9       7,310    $68.30 
                                               (79.6) 
              Diesel      -220      -3.2       6,570  
June 30       Gasoline    +600      +8.7       7,530     $70 
                                               (81.5) 
              Diesel      +600      +9.7       6,790 
                                               (84.5) 
June 1       Gasoline    +400      +6.1       6,930     $66.64 
                                                (75) 
              Diesel      +400      +6.9       6,190 
                                                (77) 
Mar 25       Gasoline     +290      +4.6        6,530    $53 
                                                (71) 
               Diesel      +180      +3.2       5,790 
                                                (72) 
Jan 15       Gasoline    -140      -2.2       6,240      $39 
                                                (68) 
              Diesel      -160      -2.8       5,610 
                                                (70) 
-----------------------------------------------------------    
2008    
Dec 19       Gasoline   -1,160     -15.4       6,380     $40 
                                                (69) 
              Diesel     -1,270     -18.0      5,770 
                                                (71) 
              Jet~       -2,400      -32       5,050 
June 20*     Gasoline    +1,000     +16.7      6,980   $136.68 
              Diesel     +1,000     +18.1      6,520 
---------------------------------------------------------------
2007
Nov 1***     Gasoline    +500      +9.1       5,980    $94.00  
              Diesel      +500     +10.0       5,520 
 
Jan 14       Gasoline    -220      -3.8       5,515    $52.99 
---------------------------------------------------------------
2006
--------------------------------------------------------------- 
May 24       Gasoline    +500      +9.6       5,735     $70.44 
              Diesel      +500      +11        5,040 
March 26     Gasoline    +250      +5.0       5,235     $64.26 
              Diesel      +150      +3.4       4,540 
          Beijing-Mogas   +460      +9.4       5,370 
          Beijing-Diesel  +340      +7.9       4,665 
---------------------------------------------------------------
2005
July 23      Gasoline    +300      +6.4       4,975     $58.65 
              Diesel      +250      +6.0       4,390 
June 25      Gasoline    +200      +4.5       4,675     $59.84 
              Diesel      +150      +3.8       4,140 
May 23       Gasoline    -150      -3.2       4,475     $46.80 
May 10       Diesel      +150      +3.9       3,980     $52.07 
March 23     Gasoline    +300      +6.9       4,625     $53.81 
---------------------------------------------------------------- 
2004
Aug 25       Gasoline    +240      +5.9       4,325     $43.47 
             Diesel      +220      +6.1       3,830 
May 19       Diesel      +280      +8.4       3,610     $41.50 
March 31     Gasoline    +300      +7.9       4,085     $35.76 
--------------------------------------------------------------- 
2003 
Dec 8        Gasoline    +200      +5.6       3,795      $32.10 
              Diesel      +180      +5.7       3,330 
July 1       Gasoline     +90                 3,595**    $30.40 
May 12       Gasoline    -290      -7.7       3,474      $27.35 
              Diesel      -260      -7.6       3,143 
Feb 11       Gasoline    +190      +5.3        3,764     $35.44 
              Diesel      +170      +5.3       3,403 
Jan 1        Gasoline                          3,574     $31.20 
              Diesel                           3,233 
---------------------------------------------------------------- 
    * The June 20 prices given are reached by updating nationwide averages given
by the NDRC last November. 
    ** Prices between May and July 2003 are adjusted slightly to make uniform 
throughout the country and due to rounding. 
    *** Prices for Nov. 1, 2007, are nationwide averages. 
    ~ Dec. 19 rate for jet kerosene is ex-refinery and so differs from previous 
retail guide price. 
    Sources: National Development and Reform Commission, oil companies, industry
sources. 
 


 (Reporting by Chen Aizhu; Editing by Subhranshu Sahu)
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