China raises gasoline prices by 105 yuan

China | 4 Nov 2019 5:43 pm

China will raise the retail prices of gasoline and diesel from tomorrow, the top economic planner said.

Based on recent changes in international oil prices, the retail prices of gasoline and diesel will both be lifted by 105 yuan, according to the National Development and Reform Commission.

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.

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