China will raise retail prices of gasoline and diesel due to rising international crude oil prices, 

the top economic planner announced Wednesday. 

The  National  Development  and  Reform  Commission  said  gasoline  prices  will  be  lifted 

by 175 yuan  (about 25.41 U.S. dollars)  per  tonne  and  diesel  prices by 170 yuan per ton

ne from Thursday. 

Under  the  current  pricing  system, if global crude price changes  lead to price increases 

or declines  of  more  than  50 yuan per tonne for domestic refined oil products, and rema

in so for 10 working days, gasoline and diesel prices are adjusted accordingly. 

This year the commission has cut retail fuel prices five times and raised them eight times. 

Global  crude  prices are rebounding strongly as OPEC is in talks on yield reduction. Som

e crude exporters have already moved to cut supply.