China will increase retail gasoline and diesel prices from Saturday due to rising international crude oil prices, state news agency Xinhua reported.

Intelligence summary

China will increase retail gasoline and diesel prices from Saturday due to rising international crude oil prices, state news agency Xinhua reported. The National Development and Reform Commission (NDRC) said gasoline prices will rise by 260 yuan ($38.76) per tonne and diesel by 250 yuan ($37.27) per tonne, citing escalating US-Iran tensions as a key factor.