According to China’s National Development and Reform Commission (NDRC), domestic fuel prices will rise effective 24:00 on May 8. The NDRC Price Monitoring Center noted that during the current pricing cycle (April 21 24:00 to May 8 24:00), international oil prices rose initially then declined. Starting May 8 24:00, domestic gasoline and diesel prices will increase by 320 yuan and 310 yuan per ton respectively. On a national average basis, 92# gasoline, 95# gasoline, and 0# diesel will rise by 0.25 yuan, 0.27 yuan, and 0.27 yuan per liter respectively. Filling a 50-liter tank with 92# gasoline will cost an additional 12.5 yuan.
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