China announced on Friday a small hike of a 100 yuan (HK$125.3) per tonne, or roughly 1 per cent, to its retail gasoline price ceiling and a 95 yuan increase to diesel, effective Saturday, largely offsetting a previous cut early this month.
China started a new fuel pricing system in March that has a closer link to the cost of crude oil.
Reported by S.China Morning Post 8 hours ago.
China started a new fuel pricing system in March that has a closer link to the cost of crude oil.
Reported by S.China Morning Post 8 hours ago.