China’s gasoline prices rose the most since 2000, even after unprecedented government intervention, as the war in Iran tightened the global oil market. Gasoline rose by 1,160 yuan (US$169) a tonne late Monday and diesel prices rose by 1,115 yuan, according to the National Development and Reform Commission (NDRC). The increase would have been twice as high if normal pricing rules had been followed, it said. The increase of about 11 percent, which is the fifth this year, came after Iran closed…
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