China's weekly product oil price index declined 1.54 percent week on week to 688.22 in the week ended July 10, according to the Xinhua (Daqing) International Petroleum Information Center.
The average price of 93# gasoline lost 27 yuan to 7,139 yuan per tonne while that of 0# diesel dropped 128 yuan to 5,687 yuan per tonne. Demand in the end-market is tepid and most industry players are digesting stocks, said Li Zhenguo, an analyst with Xinhua (Daqing) International Petroleum Information Center.
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