PetroChina Said to Mull Raising Gas Prices as NDRC Urges Supply
- May raise gas price by 10% to 20% from as early as Nov.20
- Country’s economic planner asks producers to increase supply
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PetroChina Co. is considering raising non-residential natural gas prices, while China’s top economic planner has urged major suppliers to raise output, as the country seeks to avoid shortages during the peak winter season.
The country’s biggest gas producer and distributor plans to boost prices for industrial and commercial users from as soon as Nov. 20, the earliest possible date it’s allowed to under regulations issued by the National Development and Reform Commission, according to people with knowledge of the plan. PetroChina plans to raise prices by between 10 percent and 20 percent, the people said, asking not to be named as the information isn’t public.