China is set to raise gasoline prices by RMB 695 per ton and diesel prices by RMB 670 per ton as the refined oil price adjustment window opens. This translates to an increase of RMB 0.50 per liter for 89-octane gasoline, RMB 0.53 for 92-octane, RMB 0.56 for 95-octane, and RMB 0.57 for 0-number diesel. The hike is more substantial than last Friday's forecast, with private vehicle owners expected to pay nearly RMB 40 more to fill a 70-liter tank, up from the previous estimate of RMB 27.
China to Increase Gasoline Prices by RMB 695 per Ton
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