UPDATE 1-China to raise gasoline, diesel prices - official

Newswire

*Price rises set for Monday - official *Prices to rise by 400 yuan ($58.58) per tonne -website (Adds detail, background) By Chen Aizhu and Tom Miles BEIJING, May 31 (Reuters) - China plans to raise retail diesel and gasoline prices from Monday, an official source familiar with the issue told Reuters on Sunday. The rise could relieve the pressure on refiners Sinopec and PetroChina but risks denting China's economic revival, which had just begun to translate into a pickup in oil demand ...

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