China raised domestic gasoline and diesel prices on Jul. 11, the country’s second price increase in less than two weeks, in response to oil prices stabilizing above $40/bbl. Domestic diesel and gasoline prices each increased by 100 yuan ($14.28/ton), according to the National Development and Reform Commission (NDRC), China’s top economic planning agency, equating to a 11c/liter increase for gasoline and 12c/liter bump for gasoil.
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