Around 26 percent of gas stations in Beijing lowered their fuel prices Monday to attract consumers, and analysts expect there will be a price cut in domestic gasoline and diesel prices this month due to the recent decline in international oil prices, Global Times reported.
Among 1,181 gas stations in Beijing, 310 started offering 92-octane gasoline at up to 0.6 yuan ($0.09) per liter less than the government-set guidance price of 8.06 yuan per liter, according to data compiled and released Monday by ok619.com, a data provider for domestic fuel prices.
The 310 gas stations include 160 ones owned by Sinopec, 40 owned by China National Petroleum Corp and 64 private ones, the website said. Another calculation by Sublime China Information, a Shandong-based commodity consultancy, showed more than 80 percent of gas stations in North China have lowered their fuel prices by 0.1 yuan to 0.2 yuan per liter over the last month, the newspaper reported.