China Adjusts Natural Gas Price for Better Allocation of Resources

摘要

@@ China has recently increased the wholesale prices of natural gas by around 25 percent to curb demand and better allocate resources.Natural gas benchmark prices went up by 230 yuan to 1,155 yuan per thousand cubic meters,according to the announcement made by the National Development and Reform Commission(NDRC)at the end of May."It is necessary to make the adjustment,as the country's natural gas price is significantly lower than that of other fuels,"said Cap Changqing,head of NDRC's pricing department.