Longwei Petroleum Investment Holding Ltd. reported its revenues for its fourth quarter ended June 30, 2012 were up approximately 6% year-over-year to $136 million.

For the 12-month period ended June 30, 2012, Longwei reported its unaudited revenues were up approximately 6% year-over-year to over $510 million. During this period, the retail price of gasoline was adjusted by the National Development and Reform Commission (NDRC), the PRC's top economic planning organization, six times during a period of fluctuating international crude oil prices.

The most recent retail price adjustments of gasoline in the PRC was downward twice during the fourth quarter, with adjustments in both May and June totaling RMB 860 per metric ton ("mt") (approximately US$136 per mt), or down 8.6% during the fourth quarter compared to the third-quarter high.

Tags: Longwei Petroleum Investment Holding Ltd.