China's gasoline and diesel retail prices will be raised Saturday, the country's top economic planner said.
The benchmark retail prices of gasoline and diesel will rise by 0.07 yuan (1.1 cent) per litre, the National Development and Reform Commission (NDRC) said Friday in a statement on its website, reports Xinhua.
The new price represents an increase of 90 yuan and 85 yuan per tonne for gasoline and diesel prices, respectively, said the NDRC.
This is the third time the prices have been hiked in two months.
Under the country's new pricing regime, which came into effect in March, domestic fuel prices are adjusted when the international crude prices reflect a change of more than 50 yuan per tonne for gasoline and diesel over a period of 10 working days.