China raises gasoline, diesel prices 6-7 pct

Newswire

BEIJING, May 31 (Reuters) - China will raise retail diesel and gasoline prices by 400 yuan ($58.59) per tonne, or 6-7 percent, from Monday, the National Development and Reform Commission said in a statement on Sunday. "Based on the refined oil products price-setting mechanism, the decision was taken to raise the price of gasoline and diesel, but after taking related factors into account, it was considered appropriate to reduce the size of the price adjustment," the NDRC said in a statement ...

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