Pursuits
China Raises Retail Fuel Prices to Help Cool Economy
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China, Asia’s biggest oil consumer, increased retail gasoline and diesel prices by 3 percent today as part of government measures to cool the economy and meet energy-saving targets.
The ceiling for gasoline prices will rise by 230 yuan ($34.50) a metric ton and diesel prices will gain 220 yuan a ton, the National Development and Reform Commission, the top economic planner, said in a statement on its website yesterday.