China Raises Oil Prices

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Last updated at: (Beijing Time) Saturday, May 04, 2002

China Raises Oil Prices

In line with changes on the international oil market, the State Development Planning Commission has decided to raise prices of product oil from May 4.

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In line with changes on the international oil market, the State Development Planning Commission has decided to raise prices of product oil from May 4.

Factory prices for gasoline and diesel oil are both raised by 240 yuan (about 29 U.S. dollars) per ton, according to a circular issued by the commission.

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