From Global Voices Online (link):
Against the backdrop of falling international crude oil prices and the revaluation of the renminbi, the National Development and Reform Committee has once again enhanced the sales price of refined oil. Prices for #93 gasoline in greater Beijing are at an historical high. The explanation from the parties concerned is that the previous price hike had been set low, that our prices for refined oil were still lower than the international market price. From now on both the conditions of the international market and the price society is able to withstand will be considered in continuing price adjustments. The rumors have circling around, but from the start we’ve been able to counter each one. Clearly they are just brazen deceit.
