China's National Development and Reform Commission (NDRC) announced an increase in domestic gasoline and diesel prices, effective May 21st at midnight. Gasoline prices will rise by 75 yuan per ton, and diesel prices by 70 yuan per ton. This adjustment follows a period of fluctuating international crude oil prices, with the average price over the last ten working days being higher than the previous period. AI
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RANK_REASON Policy change by a major national economic regulator impacting commodity prices. [lever_c_demoted from significant: ic=1 ai=0.1]