UPDATE 2-China raises retail gasoline price, diesel steady

Newswire

(Adds background on inflation) By Chen Aizhu SINGAPORE, March 22 (Reuters) - China will raise retail gasoline prices by 7 percent on Wednesday, the first since August, in a move that will boost state refiners' margins but do little to slow robust demand, industry sources said. China, the world's second-largest oil consumer, will increase the mean of retail 90-octane gasoline price by 300 yuan ($36.25) per tonne to about 4,625 yuan ($559) a tonne, but keep retail diesel prices unchanged ...

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