China to raise gasoline, diesel prices, fourth hike in a row
COMMODITIES POLICY & REGULATION
China to raise gasoline, diesel prices, fourth hike in a row
COMMODITIES POLICY & REGULATION

China to raise gasoline, diesel prices, fourth hike in a row

 

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China will raise the retail prices of gasoline and diesel by 240 yuan per tonne and 230 yuan per tonne, respectively, starting from Thursday, said the National Development and Reform Commission, the country’s top economic planner.

That’s the fourth hike of gasoline and diesel prices in a row. 

Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.