@@ Rising international prices and China's increasing demand for oil, fueled by the country's fast economic growth, prompted it to hike the price of processed petroleum fuels several times in recent months. The price of gasoline, diesel and aviation kerosene jumped 500 yuan(62.4 U.S. dollars) per ton in late-May. The price increase,the second in the last two months, aims to narrow the gap between international oil prices and domestic prices, a spokesperson with the National Development and Reform Commission (NDRC), the industry watchdog, recently told news media.
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