Gasoline, diesel prices rise amid global pickup

Chinese retail oil prices are rising amid a pickup in the global crude market, increasing costs for the logistics and transportation sectors.

The retail price of gasoline will be raised by 290 yuan ($46.58) a metric ton, or 0.21 yuan a liter, and the price of diesel by 280 yuan a ton, or 0.24 yuan a liter, starting Tuesday.

The increases were announced on Monday by the National Development and Reform Commission, the nation's top economic planner.