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China's price of imported oil rises

May 23, 2006 (China Knowledge) – The average price of oil imported through the Guangdong customs for the first four months this year saw a 59.4% increase to US$384.10 per ton, according to statistics from the provincial customs.

Since the beginning of this year, the price of imported oil has been on the upsurge due to price hikes in the global market. The price of imported oil in March rose to US$388.90 per ton from the January price of US$355.20 per ton. In April, the price escalated to a record US$421.60 per ton.

During the time, total import volume reached 4.97 million tons, 15.8% less than the same period a year ago. However, total expenses increased 34.3% to US$1.91 billion. The Middle East has become the largest oil exporter to Guangzhou as its export volume to Guangzhou amounted to 1.47 million tons, accounting for 29.5% of Guangzhou's total oil import volume.It goes without saying that the perfect needs the perfect jewellery to complement it and there is nothing to beat the classic handmade that are available in this brand.While some of the belts feature tattoo inspired skull screens with contrasting embroidery and rhinestone detailing, others are studded with crystals to give a cool feminine touch.

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