oil prices

March 27, 20123 Comments

A Chinese citizen’s funny take on the latest gas price hike goes viral

Chinese people, for all the rage they pour out and insults they hurl on the Internet every now and then, do know how to get their viewpoints across while maintaining civility and dignity. When a television program in the city of Jiaxing, East China’s Zhejiang province, randomly interviewed people on the street for their thoughts [...]

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August 3, 20112 Comments

Taxi drivers in Hangzhou go on strike

From Sohu On August 1, over 1,000 taxi drivers in Hangzhou, eastern Zhejiang province, went on a strike from early morning and parked their cabs in different parts of the downtown Hangzhou to protest rising fuel costs and worsening road traffic. The demands that taxi drivers on strike have made include: lowering operating charges and [...]

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April 12, 2011No Comments

China’s state-owned oil company squanders million on alcohol

Gas price has been skyrocketing for the past few years. Chinese car owners are burdened with unreasonably high expenses, even higher than what their American counterparts pay, despite having much less disposable income on average. But China Petroleum & Chemical Corporation Limited, or Sinopec, has often claimed they are not at a profit, which becomes [...]

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April 7, 2011No Comments

Video: Chinese line up to gas up before oil price hikes, complain about rising cost of living

China’s National Development and Reform Commission (NDRC) has announced oil price increase, effective at 12:00 a.m. on April 7. Gas price is up by 500 yuan per ton; diesel price up by 400 yuan per ton. On average, #90 gas and #0 diesel are up respectively by 0.37 and 0.34 yuan per liter. (US$0.212 and [...]

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