Financial Times FT.com

Beijing raises pump prices as shortages bite

By Jamil Anderlini in Beijing

Published: November 2 2007 01:34 | Last updated: November 2 2007 01:34

The murder of a man who jumped a petrol queue in China’s central Henan province on Wednesday is the stuff of nightmares for the authoritarian Chinese government.

Faced with worsening fuel shortages across the country Beijing raised petrol, diesel and jet fuel prices at the pump by almost 10 per cent on Wednesday, in an effort to boost domestic supplies and exorcise the spectre of social unrest.

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