Type to search

China Reporting Diesel Shortages: Securities Times

Wholesale price of the fuel has risen higher than the retail price, prompting drivers to shun long-distance routes


An attendant puts fuel in the tank of car at a petrol station in Nanjing. Photo: Reuters

Drivers are queuing for petrol in various areas of China, as shortages of diesel worsen in China’s continuing energy crisis, the Beijing-based Securities Times reported on Thursday.

The wholesale price of diesel has risen higher than the retail price, the publication said. “There are long queues of trucks and trucks at gas stations, and some drivers even said that they could not fill up after a day of waiting.”

Securities Times reporters who visited petrol stations said some drivers were afraid to take on long-distance deliveries.

Read the full report: Securities Times

READ MORE:

China Coal Futures Hit Again with News of Hoarding Probe

Cold Keeps China Coal Prices High, Stokes Factory Inflation

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

logo

AF China Bond