UPDATE 4-China's 11pct fuel price rise a mild demand dampener

Newswire

(Writes through with more comments) By Chen Aizhu BEIJING, May 23 (Reuters) - China will raise retail gasoline and diesel prices by a higher-than-expected level from Wednesday, pushing them up 15 percent so far this year, still deemed too small to lift refiners out of the red but enough to hit demand slightly. Retail prices of gasoline and diesel will rise by 500 yuan ($62.37) per tonne or 5 cents per litre, up 9.6 and 11.1 percent. Ex-refinery prices for the fuels will go up by the ...

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