JAKARTA - The Chinese government will increase retail prices for gasoline and diesel starting Friday (4/3), the local economic planning agency in Beijing announced on Thursday.
Gasoline prices will rise by 260 yuan (Rp.591,259) per metric ton, while diesel by 255 yuan (Rp.579.982) as determined by China's National Development and Reform Commission (NDRC).
The increase in fuel prices took effect a day before the opening of the two-session annual parliamentary session scheduled to be held on Saturday (5/3), reported by Antara, Thursday, March 3.
The parliamentary session scheduled a report on the achievement of the government's performance over the past year and a work plan for the coming year, including the national economic growth target.
The three largest domestic oil companies, namely China National Petroleum Corporation, China Petroleum & Chemical Corporation, and China National Offshore Oil Corporation, were asked to maintain productivity and facilitate transportation mechanisms to ensure distribution stability, local media reported.
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