10 November 2009 02:04 [Source: ICIS news]
SHANGHAI (ICIS news)--China has again raised gasoline and diesel prices by CNY480/tonne ($70.3/tonne) from 10 November in line with an increase in crude values, China’s National Development and Reform Commission (NDRC) said late on Monday.
Effective Tuesday, gasoline prices would be CNY7,100/tonne, while diesel prices would be CNY 6,360/tonne, the NDRC said.
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Under the scheme, the Chinese government adjusts domestic fuel prices when crude oil costs see a change of 4% within a 22-working day period, NDRC said on its website.
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