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China to hike retail gasoline and diesel prices as oil jumps 12% in a week

China raises gasoline and diesel prices amid a 12% oil surge. Crude oil reaching a new all-time high by December 31 at 11% YES.

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China raises gasoline and diesel prices amid a 12% oil surge. Crude oil reaching a new all-time high by December 31 at 11% YES.

China is raising gasoline and diesel prices after a sharp increase in global crude oil prices driven by renewed Middle East tensions.