China Hikes Fuel Prices for the Sixth Time This Year

What’s new: Fuel prices in China were increased by 750 yuan ($118) per ton for gasoline and 720 yuan per ton for diesel on Friday, the National Development and Reform Commission announced (link in Chinese) Thursday. It’s the sixth consecutive hike this year.

After the change, the upper price limit for standard 95 RON gasoline surpassed the 9-yuan threshold in 27 out of the Chinese mainland’s 31 provincial-level regions, based on public information. Data for the remaining four regions — the provinces of Heilongjiang, Liaoning, Jilin, and the Inner Mongolia autonomous region — are not yet available.