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China to raise fuel retail prices

Xinhua, April 29, 2022 Adjust font size:

BEIJING, April 28 (Xinhua) -- China will raise the retail prices of gasoline and diesel from Friday, the country's top economic planner said on Thursday.

Based on recent changes in international oil prices, the retail prices of gasoline and diesel will be raised by 205 yuan (about 31.24 U.S. dollars) and 200 yuan per tonne, respectively, according to the National Development and Reform Commission.

The move marks the eighth fuel price increase this year.

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.