China raises retail fuel prices as oil prices rise during Iran war
USO•China will raise retail gasoline prices by 345 yuan per metric ton and diesel prices by 335 yuan, effective October 30, while limiting the increases as oil prices rise during the Iran war.
1. Fuel price increases
China will raise domestic retail gasoline prices by 345 yuan ($51.76) per metric ton and diesel prices by 335 yuan per metric ton, effective October 30, the National Development and Reform Commission said. Under the scheduled pricing mechanism, the increases would have been 440 yuan for gasoline and 420 yuan for diesel.
