China fuel price rise to add 0.12 points to Nov CPI

BEIJING, Nov 10 (Reuters) - China's latest price hike on refined oil products will push the consumer price index up 0.12 percentage points in November, the National Development and Reform Commission (NDRC), the top economic planner, said.

China raised retail gasoline and diesel prices by 480 yuan ($70.32) per tonne from 1600 GMT on Monday. It also increased jet fuel prices by around 300 yuan per tonne. [ID:nPEK221762]

In a statement in its website, www.ndrc.gov.cn, announcing the price increase, the agency said China was not facing inflation risks for now as inventories of grains and edible oils were ample.

As for major industrial products, either they are in oversupply or demand and supply are balanced, the NDRC added. ($1=6.826 Yuan) (Reporting by Aileen Wang and Alan Wheatley; Editing by Jonathan Hopfner)