China has raised prices for petroleum products

Almaty. June 9. Silkroadnews – China has raised prices for petroleum products, the Chinese media reported with reference to the National Development and Reform Commission.

The decision has been made due to rise in oil prices in the global market. E.g., as of June 9 the cost of gasoline and diesel fuel will rise by 110 yuan ($16.7) per tonne. Taking this into account the price of gasoline gained 465 yuan and diesel fuel – 450 yuan versus the beginning of the year.

The publication notes, China changes the cost of petroleum products in the domestic market, if within 10 business days of the period preceding crude oil prices led to a drop or increase in prices for gasoline and diesel fuel by more than 50 yuan per tonne. An exception is cases when the international market price stood at less than 40 or more than $130 per barrel.