China to raise retail fuel prices by up to 210 yuan per ton: NDRC

[May 25, 2016]  BEIJING (Reuters) - China's state planner will raise the retail price of gasoline by 210 yuan ($32.00) per ton and diesel by 200 yuan per ton from Thursday.

The increases are the third upwards adjustment since the National Development and Reform Commission (NDRC) introduced a new pricing mechanism in January.

Gasoline prices were last increased by 120 yuan per ton on May 11, when diesel prices were also hiked by 115 yuan per ton.

The NDRC said in January that it would not lower domestic fuel prices while oil prices are below $40 a barrel.

(Reporting By Beijing Monitoring Desk; Editing by Kim Coghill)

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