Industrial gas prices to increase by 20%
By Lan Lan | China Daily | Updated: 2014-08-13 07:26
The wholesale price of natural gas for industrial users will rise 20 percent on Sept 1, signaling that China is accelerating market-oriented pricing reform despite a slowing economy.
The price will increase by 0.4 yuan (0.065 cents) per cubic meter, resulting in an average price of 2.35 yuan to end-users.
It will be the first hike since July 2013, when the National Development and Reform Commission announced a 15.4 percent increase.
Photo
