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.
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Source: http://www.scmp.com/business/commodities/article/1266016/china-retail-gas-diesel-prices-rise-1pc
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