China increases retail oil prices

China's top economic planner announced on April 24 that it will raise the per-tonne retail price of gasoline by 155 yuan (25.33 US dollars) and diesel by 145 yuan as of April 25, Xinhua has reported.

The increase will see benchmark retail prices of gasoline go up by 0.11 yuan per liter and diesel increase by 0.12 yuan per liter, the National Development and Reform Commission said in a statement. The commission attributed the increase to rising international oil prices.

Copyright: Xinhua, 2014