Off the wire
• Major news items in leading German newspapers  • Chinese police crack 815,000 economic crime cases in 5 years  • China sets up 30 bln-dollar state venture capital fund  • 6 women die as airstrikes escalate overnight in Yemen: officials  • Security measures downscaled around Amsterdam Schiphol Airport  • Weather forecast for major Chinese cities, regions -- Aug. 18  • Weather forecast for world cities -- Aug. 18  • Profit for Dutch bank Rabobank declines in first half of 2016  • China pilots plan for SOE employees to own stocks  • 1st LD: 2nd Indonesian hostage escapes from Abu Sayyaf capture in Philippines  
You are here: 　 Home

China raises retail fuel prices

Xinhua, August 18, 2016 Adjust font size:

China will raise retail prices of gasoline and diesel on Friday in line with changes in international crude prices.

The National Development and Reform Commission (NDRC), the nation's top economic planner, announced Thursday that gasoline prices will rise by 175 yuan (about 26.5 U.S. dollars) per tonne, while diesel prices will be lifted by 170 yuan per tonne.

China previously cut fuel prices on Aug. 4.

Under China's oil pricing mechanism, if international crude oil prices change by more than 50 yuan per tonne and remain changed for a minimum of 10 working days, then refined oil products such as gasoline and diesel are adjusted accordingly. Endit