China raised retail prices of gasoline and diesel on Wednesday, the 10th such increase since the end of last year. On Tuesday, the National Development and Reform Commission, the country's top economic regulator, said the gasoline price will increase by 390 yuan ($58.07) per metric ton and the diesel price will increase by 375 yuan per ton. This means the retail price will be more than 9 yuan per liter for 92# gasoline and even more than 10 yuan for 95# gasoline. Under the current pricing mechanism, when international crude oil prices change by more than 50 yuan per ton and remain at that level for 10 working days, ... (full story)