China raises Fuel Prices with 6.1%

September 11, 2012 by Joey Wang

Retail gasoline and diesel prices were raised on Monday for the fourth time this year, but experts said the move will not have a major short-term effect on China’s consumer price index.

The National Development and Reform Commission said on Monday that the country will raise its retail fuel prices by more than 6 percent starting on Tuesday, the seventh adjustment in fuel prices and the fourth increase so far this year.

Read more »