Product oil retail ceiling prices update in Chinese provinces

China raised the prices of gasoline and diesel fuel by 350 RMB (US$53.27) per ton beginning February 20. The adjustment is the first this year and the second one in the past two months. The increase would hike the benchmark retail price of gasoline by 0.26 RMB (4 US cents) per liter and diesel fuel by 0.3 RMB (5 US cents) per liter. (February, 21, 2011)