China’s surging diesel prices ripple across logistics supply chain ahead of Singles’ Day shopping holiday

Nov 8, 2021 | INVESTING

In recent weeks, truck driver Wang Ping has started changing the route of his regular 5,000km (3,100 miles) round trip from the central Chinese province of Hubei to the Pearl River Delta in the south.With the price of diesel now above 7.2 yuan (US$1.125) per litre from 5 yuan earlier this year, Wang has been making new stops to meet with illicit fuel sellers because he can no longer afford to fill his 49-tonne truck at regular petrol stations.Diesel prices in China hit 8,023.2 yuan (US$1,254)…

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