Prices of petrol, diesel raised
Prices of petrol and diesel have been raised for the first time in 20 months to ease losses at state-run retailers squeezed by a surge in crude oil prices while having to sell fuels cheaply, Oil Minister Murli Deora said on Thursday.
China will raise the price of diesel and gasoline from Sunday by 350 yuan a tonne, and also increase aviation fuel prices, the governent announced on Saturday, saying oil consumption was growing too quickly.