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China Petroleum and Chemical Corporation announced last night that to share the joy with Hong Kong residents which Beijing Olympic Games will be near, today the zero hour has the entire line 29 gas station complete 3 kind of gasolines and diesel oil product all each liter reduces the price 1.7 Yuan. This actual amplitude contraction achieves 9.8% to 14.9%, was Hong Kong recent years the scope biggest automobile fuel oil price reduction.
Up to last night, other three big oil company including Jiadeshi, the snail shell and the Exon Standard Oil Company was still waiting and seeing, has not for the present the announcement to follow China Petroleum and Chemical Corporation to reduce the price. The Exon Standard Oil Company pointed out that will pay attention the entrance oil price tendency, if will have the space namely to reduce the price.