China to hike gasoline, diesel retail prices
![An attendant fuelling a car[ Credit: Shutterstock]](https://gazettengr.com/wp-content/uploads/WhatsApp-Image-2023-08-09-at-15.15.56.jpg)
China says it will raise retail gasoline and diesel prices on Thursday, following the recent rise in international oil prices.
Gasoline prices will increase to ¥240 (about $33.53) per tonne, and diesel prices ¥230, according to the National Development and Reform Commission in a statement on Wednesday.
Under the current pricing mechanism, the prices of refined oil products would be adjusted following changes in international crude oil prices.
China’s three biggest oil companies are China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation and oil refineries.
According to the commission, the companies have been directed to maintain oil production and facilitate transportation to ensure stable supplies.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
Super Falcons arrive camp ahead of 2026 WAFCON
The 2026 WAFCON will be held in Morocco from July 25 to August 16.
States
Niger emir orders lower transport fares to ease hardship
The reduction followed a directive by the Emir of Lapai, Umar Bago, aimed at easing transportation costs for residents and students.
Sport
France, Spain set to clash in epic World Cup semi-final battle
It is the first semi-final fixture and one of the most anticipated matches of the ongoing 2026 FIFA World Cup.
NationWide
Wig, gown reserved for qualified lawyers: Legal Practitioners
The lawyers said only persons called to the bar and enrolled as solicitors of the Supreme Court of Nigeria are qualified to wear the legal regalia.
Health
Drug availability in Kano public health facilities has increased to 90%: Official
He said drug availability in public health facilities rose from 30 per cent to 90 per cent in three years.
Anti-Corruption
N1.8 billion was paid into my company account during ex-gov Darius Ishaku’s tenure, witness says
The witness said he received a total of 69 transfers from the Gassol Local Government Area of Taraba.
