In response to increasing international crude prices, China has raised its gasoline and diesel retail prices for the second time in six weeks by 600 CNY/mt ($95/mt), or by $11.27/bbl and $12.76/bbl, respectively. This marks the biggest hike this year. "It signals the official ending of China's anti-inflation campaign," commented Gordon Kwan, head of regional energy research at Mirae Asset Securities.
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