National Development and Reform Commission

The "BRIC" nations - Brazil, Russia, India and China - are all experiencing rising inflation and adopting similar measures to prevent prices of goods spiraling out of control, according to a report by China's National Development and Reform Commission (NDRC).

China's National Development and Reform Commission (NDRC) announced today that six service stations around the country were found to have engaged in oil hoarding and sold fuel at illegally inflated retail prices, demonstrating the government's latest attempts to manage the current diesel crisis.