China to raise retail prices of gasoline, diesel
COMMODITIES POLICY & REGULATION
China to raise retail prices of gasoline, diesel
COMMODITIES POLICY & REGULATION

China to raise retail prices of gasoline, diesel

 

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China will raise the retail prices of gasoline and diesel by 155 yuan per tonne and 150 yuan per tonne, respectively, starting from Thursday, said the National Development and Reform Commission (NDRC), the top economic planner. 

Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per ton 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.