(MENAFN- AzerNews) China will raise the retail prices of gasoline and diesel from
Wednesday, based on the recent rise in international oil prices,
Azernews reports, citing Xinhua.
Gasoline and diesel prices will be up by 100 yuan (about 14.12
U.S. dollars) per tonne and 95 yuan per tonne, respectively, the
National Development and Reform Commission said in a statement on
Tuesday.
The commission predicts that the international market will
continue to see fluctuations in the short term.
Under the current pricing mechanism, the prices of refined oil
products are adjusted in accordance with international crude oil
price changes.
The commission urged China's oil companies to continue to ensure
a stable supply in the domestic market, according to the
statement.
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