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Comment (Shenzhen would reduce the price of liquefied natural gas (LNG) by about 10 percent, a government official said Tuesday.
Speaking on a radio program, Li Rongqiang, director general of the city’s construction bureau, described it as “stimulating news” for local residents as food prices had kept rising over the past few months.
Li said the provincial pricing authorities made the adjustment, which has been submitted to the Shenzhen Municipal Government for approval.
At present, Shenzhen Gas Group charges LNG users 3.95 yuan (US$0.53) per cubic meter.
It promises to return LNG users the amount overcharged after the final price is decided.
Shenzhen raised the price of a 15-kg liquefied petroleum gas (LPG) cylinder within the Shenzhen Special Economic Zone by 14 percent from 112 yuan (US$14.74) to 120 yuan in October while the price for pipeline LPG was increased to 18.6 yuan from 15.6 yuan, due to the upward trend in world crude oil pric...
