China implements temporary control measures for gasoline, diesel retail prices

BEIJING, March 23 (Xinhua) -- China's top economic planner announced that temporary control measures on retail prices of gasoline and diesel have been implemented starting Monday amid increases in international oil prices.

The measures have been adopted to mitigate the impact of the abnormal rise in international oil prices, reduce the burden on downstream users, and ensure stable economic operation and social livelihood, noted a statement released by the National Development and Reform Commission.

Gasoline and diesel prices will increase by 1,160 yuan (about 168 U.S. dollars) and 1,115 yuan per tonne, respectively, according to the statement.