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Big energy price increases in China |
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Written by Stumo
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Thursday, 19 June 2008 |
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16-18% price increases in regulated gas and diesel prices.
President Hu Jintao and Prime Minister Wen Jiabao took the highly
unusual step on June 5 of jointly ordering that tractors and other farm
vehicles be given top priority for all supplies of diesel — usually the
kind of measure that would be handled by far more junior officials.
Farmers were exempted on Thursday night from the latest increase in
fuel prices, as were three provinces damaged in earthquakes last month:
Sichuan, Shaanxi and Gansu provinces.
Power plants that rely on oil have also been shutting down because of
high prices. While China relies mainly on coal and hydroelectric power
for electricity generation, oil-fired plants are important in
southeastern China.
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