Residential Gas Prices in China Surge as Controls are Eased

More than a dozen Chinese provinces and cities have increased residential natural gas prices since late last month after the nation’s top economic planner loosened market controls.

Hebei and Hubei provinces, as well as the city of Xian, are among jurisdictions that have approved price hikes of as much as 0.4 yuan ($0.06) per cubic meter, according to local adjustment plans seen by Bloomberg.

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