Shanghai Petrochemical Corp (0338.HK), a unit of Sinopec Corp (0386.HK),600688.SS>, expects the government to raise refined fuel prices soon, the Shanghai-based company's chief said on Tuesday.
Rong Guangdao, president of Shanghai PetroChemical, said the plant's operations would be affected if fuel prices are not hiked by March or April.
www.EnergyChinaForum.com
China last raised retail gasoline and diesel prices in November.(Edited by EnergyChinaFroum.com. For more information, please email to: info@energychinaforum.com)
(Reuters,Mar 10,2010)
| |
