Focus on Arts and Ecology

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China to raise prices of gasoline, diesel

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April 1, 2022 

China will raise the retail prices of gasoline and diesel from Friday, the country's top economic planner said on Thursday.

The prices of gasoline and diesel will both increase by 110 yuan (about $17.33) per tonne in the seventh consecutive upward adjustment since the end of last year, according to the National Development and Reform Commission.

Under the current pricing mechanism, when 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 are adjusted accordingly.

(Sources: China Report)

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