Gasoline prices will increase 240 yuan (about 33.53 U.S. dollars) per tonne, and diesel prices 230 yuan per tonne, the National Development and Reform Commission said in a statement on Wednesday.
Under the current pricing mechanism, the prices of refined oil products are adjusted following changes in international crude oil prices.
China’s three biggest oil companies — China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation — and oil refineries have been directed to maintain oil production and facilitate transportation to ensure stable supplies, the commission said.