China Gasoline Retail Ceiling Price to Increase on Apr 26

According to SCI, China’s gasoline retail ceiling price will be raised on April 26, based on China’s gasoline pricing mechanism. In the meantime, after the price increase, the gasoline ceiling prices in most provinces of China will be over RMB 0.7/liter. China’s May Day holiday is coming soon, the gasoline price increase will push up citizens’ travel costs.