China to hike retail fuel prices
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E-mail China.org.cn, June 21, 2013
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China Friday announced to increase the retail prices of gasoline and diesel by 100 yuan and 95 yuan per tonne, respectively, effective from Sunday.
The benchmark retail price of gasoline will be raised by 0.07 yuan per liter and diesel by 0.08 yuan per liter, according to the National Development and Reform Commission (NDRC).
The NDRC last adjusted gasoline and diesel prices on June 7, lowering them by 95 yuan and 90 yuan, respectively, to reflect declining international crude oil prices.
Under the country's new pricing regime, which came into effect in March, domestic fuel prices are adjusted when international crude prices reflect a change of more than 50 yuan per tonne for gasoline and diesel over a period of 10 working days.
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