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China to raise fuel prices

(Xinhua)

17:32, July 19, 2013

BEIJING, July 19 (Xinhua) -- Starting Saturday, retail prices of gasoline and diesel in China will be raised 325 yuan (52.42 U.S. dollars) and 310 yuan, respectively, the country's top economic planner said Friday.

It will be the biggest increase since the National Development and Reform Commission (NDRC) further liberalized the pricing mechanism of oil products in March.

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