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China's top economic planner has announced the country will raise the prices of gasoline, diesel oil, aviation kerosene and electricity, revealing an unprecedented broad plan to raise energy prices.Beginning Friday, the benchmark gasoline and diesel oil retail prices will be marked up by 1,000 Yuan (144.9 U.S. dollars) per ton, with the price of aviation kerosene up by 1,500 Yuan per ton. The prices of natural gas and liquefied petroleum gas, however, would be left unchanged, according to the National Development and Reform Commission (NDRC)(发改委).
The price rises also translate into mark-ups of 0.8 yuan and 0.92 yuan per liter, the measurement used at service stations in China, for gasoline and diesel oil respectively.