News

Regulation

Staff Reporter

, China

Published:

11 years ago

China increases gasoline and diesel prices

Prices rose by RMB300 and RMB290 a metric ton for gasoline and diesel, respectively.

The National Development and Reform Commission last changed gasoline and diesel prices on Nov. 15 when it cut them by RMB310 and RMB300 a ton due to lower international oil prices.

Under Chna's oil product pricing system, domestic fuel prices may be adjusted when the moving average of a basket of international crudes changes more than 4% over a period of 22 working days.

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