Off the wire
• Weather forecast for major Chinese cities, regions -- Dec. 14  • At least 1 civilian killed in attack in Ukraine's Donetsk  • Spotlight: Japan's ruling bloc steamrolls controversial casino bill through upper house amid growing social concerns  • Major news items in leading German newspapers  • French FM says Trump's remarks over one-China policy "not clever"  • Weather forecast for world cities -- Dec. 14  • Myanmar's parliament to conduct Chinese language training  • Bangladesh observes Martyred Intellectuals Day  • TPG Telecom to become Singapore's 4th telco  • Mainland-Taiwan trade drops in first 10 months  
You are here: 　 Home

China to raise retail fuel prices

Xinhua, December 14, 2016 Adjust font size:

China will raise retail prices of gasoline and diesel due to rising international crude oil prices, the top economic planner announced Wednesday.

The National Development and Reform Commission said gasoline prices will be lifted by 435 yuan (about 63 U.S. dollars) per tonne and diesel prices by 420 yuan per tonne starting Thursday.

Under the current pricing system, if global crude price changes lead to price increases or declines of more than 50 yuan per tonne for domestic refined oil products, and remain so for 10 working days, gasoline and diesel prices are adjusted accordingly.

Global crude prices are on the rise as OPEC reached agreements on stronger-than-expected yield reductions.

The commission has cut retail fuel prices five times this year and raised them nine times. Endi