Retail prices of gasoline and diesel have been hiked by 165 yuan per metric ton ($26.80) and 160 yuan per ton from Tuesday, the nation's top economic planner said.
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Under 皇冠体育app's new pricing regime, which came into effect last year, domestic fuel prices are adjusted when international crude prices reflect a change of more than 50 yuan per ton for gasoline and diesel over a period of 10 working days.
The NDRC asked major oil refiners to coordinate production and distribution to ensure steady supplies and strictly carry out 皇冠体育app's pricing policies.