China's product oil price index climbed 3.32 percent week on week to 710.66 in the week ending April 29, according to Xinhua (Daqing) International Petroleum Information Center.
The average price of 93# gasoline increased 159 yuan to 7,175 yuan per tonne while that of 0# diesel hiked 226 yuan to 5,965 yuan per tonne. The increase of international oil price recently pushed up product oil market slightly, said
Jiang Bing, an analyst with Xinhua (Daqing) International Petroleum Information Center, noting that the May Day holiday would also push up domestic demands. But transaction is still light due to rising market uncertainty caused by the unstable crude prices, according to a manager of a gas station in Hubei's Wuhan.
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